2024 (5) TMI 397 - SCH - Income Tax

Validity of reassessment proceedings in name of a non-existing company - notice issued after scheme of amalgamation as approved by the High Court - as decided by HC 2023 (3) TMI 1483 - BOMBAY HIGH COURT stand of the Revenue that the reassessment proceedings could be initiated for a period prior to the specified date as per the scheme of amalgamation even against a non-existent entity, is an argument which is clearly untenable - HELD THAT - We are not inclined to interfere with the impugned judgment and hence, the special leave petition is dismissed. Pending applications, if any, shall stand disposed of.

Summary

The Supreme Court of India dismissed the special leave petition without interference with the impugned judgment. Delay was condoned and pending applications were disposed of.