2024 (5) TMI 299

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.... For the Petitioner : Mr. Jehangir Mistri, Senior Advocate with Mr. Madhur Agrawal and Ms. Priyanka Bora,. For the Respondents-Revenue : Mr. Akhileshwar Sharma. PC:- 1. Petitioner is impugning notices dated 30th March 2021 issued under Section 148 of the Income Tax Act, 1961 ("the Act"), reassessment orders dated 24th March 2022 issued under Section 147 read with Section 144 read with Se....

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....the Hon'ble Madras High Court by order dated 25th July 2013, Sterlite Energy Limited ("SEL") stood amalgamated with Petitioner with effect from the appointed date being 1st January 2011. The scheme and the order approving the amalgamation also provided for dissolution without winding up of SEL. Consequently, from 1st January 2011, SEL ceased to exist. The orders passed by this Court and the Hon'bl....

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....Writ Petition No. 1616 of 2023. In the assessment orders of-course, the AO has mentioned about the filing of the SLP by the Ministry of Corporate Affairs. The AO also stated that the assessment orders have been passed in the name of Petitioner in obedience with the orders passed by this Court and the Hon'ble Madras High Court with a rider that this case is liable for change/modification if requ....

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.... by the AO to DVU for service but the DVU did not respond and in view of this situation, there was no way except to complete the assessment on the basis of material available on record. 8. In these circumstances, we are satisfied that the reassessment orders dated 24th March 2022 and the notices dated 30th March 2021 issued under Section 148 of the Act cannot be sustained and the same are hereb....