The assessee had intimated the Assessing Officer about the amalgamation and also requested him to transfer all the assessment records to the Assessing Officer of the amalgamated company. Therefore, the Tribunal held that the assessment order in the name of a non-existent company suffered from the substantive illegality and was invalid in the eyes of law. (AY. 2014-15)
ITO v. IFGL Refractories Ltd. (2022)98 ITR 209 (Kol) (Trib)
S. 143(3): Assessment-Amalgamation of companies-Order in the name of a non-existent company-Assessment framed in name of amalgamated company-Held to be invalid.