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Issues Involved:
1. Validity of jurisdiction assumed u/s 147 by the Assessing Officer on an amalgamated company. 2. Validity of assessment framed on a non-existing entity. Summary: Issue 1: Validity of jurisdiction assumed u/s 147 by the Assessing Officer on an amalgamated company. The assessee contested the jurisdiction assumed by the Assessing Officer (AO) u/s 147, arguing that the notice u/s 148 was issued to M/s Rajesh Marketing Services Pvt. Ltd., which had already merged with M/s Minda Capital Ltd. as per the High Court order dated 29.08.2007, effective from 01.04.2006. The CIT(A) upheld the AO's action, stating that for the relevant assessment year 2004-05, M/s Rajesh Marketing Services Pvt. Ltd. was in existence, and the assessment was framed in the name of Minda Capital Ltd., the amalgamated company. The CIT(A) found the reopening proceedings valid and rejected the assessee's objection. Issue 2: Validity of assessment framed on a non-existing entity.The Tribunal considered the submission that the assessment was framed on a non-existing entity, M/s Rajesh Marketing Services Pvt. Ltd., which had ceased to exist due to amalgamation. The Tribunal referred to the jurisdictional High Court's decision in Spice Infotainment Ltd. vs. CIT, which held that an assessment in the name of a company that has been amalgamated and dissolved is null and void. The Tribunal found that the assessment framed on M/s Rajesh Marketing Services Pvt. Ltd. was a jurisdictional defect and not a procedural irregularity. Consequently, the assessment was declared void-ab-initio. In conclusion, the Tribunal set aside the order of the CIT(A) and held that the assessment was invalid. Other grounds raised by the assessee were deemed academic and not adjudicated. The appeal was partly allowed. Order pronounced in the open court on 23 August, 2013.
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