2021 (1) TMI 1246

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..... ld be fundamentally illegal and without jurisdiction. It is also held that upon the amalgamating entity ceasing to exist, it cannot be regarded as a person under subsection (31) of section 2 of the Act; against whom assessment proceedings can be initiated - HELD THAT:- Tax effect is below the threshold of ₹ 25 lakhs contained in the relevant circular of the Central Board of Direct Taxes. .....

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