Order under section 119 of the Income-tax Act, 1961

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....y and Bankruptcy Code, 2016 (hereinafter "competent authority") issued prior to April 1, 2022. In respect of such entities (i. e., successor companies), the apex court in Civil Appeal Nos. 9496-9499 of 2019 (arising out of SLP (C) Nos. 19678-19681 of 2019) = 2019 (12) TMI 991 - SUPREME COURT has held that the return of income filed by the successor companies, after taking into account the Scheme of Arrangement and Amalgamation as sanctioned by the NCLT be received. The National Company Law Tribunal (NCLT) has been constituted by the Central Government under section 408 of the Companies Act, 2013, with effect from June 1, 2016. 2. Section 170A of the Income-tax Act, 1961 (the Act), inserted vide the Finance Act, 2022 with effect from....

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....der of business reorganisation of the competent authority issued prior to April 1, 2022". 4. As all such cases would entail verification as to whether the return is resulting from and limited to the said order, the taxpayer shall first communicate to the Jurisdictional Assessing Officer (JAO) as per the proforma annexed herewith, requesting for enablement of electronic filing of the return for relevant assessment year(s) on the e-fi!ing portal as per the following timeline : Step Action Time-Line First Communication by the taxpayer to the Jurisdictional Assessing Officer (JAO) as per the proforma, for enablement of electronic filing of the return. (A) Up to 30-4-2024. Second Completion of verification by the JAO a....

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....;     (II) Details of the other successor entities in the scheme of arrangement/business re-organisation : PAN(s) of successor entity filing the return Name(s) of successor entity Corporate Identity Number(s) (CIN) issued by MCA Date(s) of incorporation (DD/MM/YYYY) Date(s) of commencement of business (DD/MM/YYYY) (i) (ii) (iii) (iv) (v)           (III) Details of the predecessor entities : PAN(s) of the predecess or entities Name(s) of predecessor entities Corporate Identity Number(s) (CIN) issued by MCA Date (s) of incorporation (DD/MM/YYYY) Date(s)/year of commencement of business (DD/MM/YYYY) (i) (ii) (iii) (iv....