2015 (4) TMI 1339 - HC - Income Tax

Assessment in the name of a company which had been amalgamated - corporate death of an entity upon amalgamation - Curable defect u/s 292B - HELD THAT - CIT (A) had accepted the assessee s plea that the notice and consequent search assessment proceedings under Section 153 (c) was void and unsustainable given the fact that the original assessee had amalgamated and transferred with B.S. Infratech Pvt. Ltd. during assessment years 2009-10. The connected appeals were the subject matter of a previous order of this Court 2014 (11) TMI 1257 - DELHI HIGH COURT . noticed and relied upon the judgment in Spice Entertainment Ltd. 2011 (8) TMI 544 - DELHI HIGH COURT No question of law, therefore, arises; the appeal is accordingly dismissed.

Summary

The Delhi High Court dismissed the appeal concerning the assessment year 2007-08, as the notice and search assessment proceedings were deemed void due to amalgamation with another company. The appeal was dismissed based on a previous order affirming the decision of the Income Tax Appellate Tribunal.