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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Validity of reopening of assessment u/s 147 - notice sent to ...


Court Quashes Notice u/s 148 Sent to Non-Existent Entity Post-Amalgamation; Grants All Consequential Reliefs.

January 13, 2023

Case Laws     Income Tax     HC

Validity of reopening of assessment u/s 147 - notice sent to entity, which no longer exists and it is merged (amalgamation) - In view of all notice itself is not sustainable under the law. Petition stands allowed quashing and setting aside the notice issued under section 148 with all consequential reliefs. - HC

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