Tribunal held that the assessee had duly intimated the fact of merger to the Assessing Officer and during penalty proceedings . The assessee had also given the address of the registered office for further correspondence. Despite of these intimations, the Assessing Officer proceeded to frame the assessment in the name of the amalgamating company which was declared void ab initio ( AY.2008-09)
Dy. CIT v. Palm Tech India Ltd. (2020) 78 ITR 4 (SN)(Mum) (Trib)
S.147: Reassessment —Amalgamation- Information of amalgamation was brought to notice of Assessing Officer —Reassessment proceedings against amalgamating company is held to be void ab initio . [ S.148 ]