Allowing the petition, the Court held that when a company was amalgamated with petitioner-company, issuance of show-cause notices, assessment order, notice of demand, etc., in name of said non-existent company, which was amalgamated with petitioner-company and thereby lost its existence, was without jurisdiction. Order was quashed.
New Age Buildtech (P.) Ltd. v.. NFAC [2023] 151 taxmann.com 66 (Bom)(HC)
S. 144B : Faceless Assessment –Amalgamation – Non-Existent company – show-cause notices, assessment order, notice of demand, etc., in name of said non-existent company, which was amalgamated with petitioner-company and thereby lost its existence, was without jurisdiction – Order was quashed. [S. 143(3), Art. 226]