Allowing the petition the Court held that the amalgamated company had already brought the facts of amalgamation to the notice of the Assessing Officer and yet he chose not to substitute the name of the amalgamated company and proceeded to make the assessment in the name of a non-existing company is not valid. (AY.2018-19)
Inox Wind Energy Ltd. v.Add. CIT (2023)454 ITR 162 (Guj)(HC)
S. 143(3) : Assessment-Amalgamation-Intimated to Income-Tax Authorities-Notice and order in name of company which had ceased to exist-Not valid. [S. 144B, Art. 226]