Despite disclosure of merger, AO passed draft order in name of amalgamating company. Such order was held inherently illegal and not curable under S. 154 or S. 292B, as assessment in name of non-existent entity is void. Order of Tribunal was affirmed.
PCIT v. Vedanta Ltd. (2025) 170 taxmann.com 833 / 343 CTR 596 / 247 DTR 185 (Delhi)(HC)
S. 143(3) : Assessment-Non-existing amalgamating company-Order in name of non-existent entity is void-Cannot be saved by S.154 or S. 292B-Revenue appeal dismissed.[S. 92CA(3), 154, 170, 260A, 292B]