In terms of NCLT’s order, there was merger of AFTPL into assessee-company CCL with effect from 1-4-2018. The assessee informed the revenue about the merger. However, on 31-3-2023, a reassessment notice was issued only in the name of AFTPL. On writ, the Court held that since notices were issued to a non-existing company or entity despite the revenue’s knowledge of its non-existence, the notice and consequential orders were quashed.   (AY. 2013-14, 2014-15, 2016-17 to 2019-20)