Allowing the appeal the Tribunal held that the Assessing Officer had passed the assessment order in the name of BRL, even though sufficient intimation had been made to the Assessing Officer during the course of assessment proceedings about the merger of BRL with the assessee. The Assessing Officer was diligently informed about the amalgamation during the course of assessment proceedings and prior to the passing of the draft assessment order and final assessment order. Hence, the assessment order in the name of amalgamated company was null and void. (AY.2017-18)
Biocon Biologics Ltd. v. Dy. CIT (2022) 99 ITR 7 (SN) (Bang)(Trib)
S. 143(3) : Assessment-Amalgamation-Intimation to Assessing Officer during course of assessment proceedings and prior to passing of draft assessment order and final assessment order Direction of Dispute Resolution Panel to pass final order in name of assessee-Assessing Officer passing assessment order in name of erstwhile company-Assessment order null and void. [S. 144C(13)