Held that the factum of amalgamation had been duly brought to the notice of Assessing Officer. Assessments had been framed on December 26 and 27, 2016 whereas the assessee ceased to be in existence with effect from November 29, 2013 on account of amalgamation by Gazette Notification. The Assessing Officer was required to frame the assessments in the name of the amalgamated or merged entity. The assessments were not sustainable having been framed in the name of non-existent entities. (AY. 2013-14, 2014-15)
Gurgaon Gramin Bank v. ACIT (2021) 90 ITR 11 (SN) (Delhi) (Trib.) Haryana Gramin Bank v. ACIT (2021) 90 ITR 11 (SN) (Delhi) (Trib.)
S. 143(3) : Assessment-Amalgamation of Banks by Gazette Notification-Assessment in the name of amalgamated or merged Entity-Assessment in the name of non-existent entities is held to be not sustainable.