On writ, the High Court held that the impugned reassessment order for AY 2017-18 passed in the name of Oriental Bank of Commerce, Bharuch Branch, under PAN “AAAC07436M”, was a nullity, as OBC had merged with Punjab National Bank w.e.f. 1-4-2020 and the surrendered PAN stood requested to be cancelled; despite this being specifically brought on record, the AO and NFAC proceeded without application of mind to frame a high-pitched reassessment under ss. 147 r/w 144, making an addition of ₹393.97 crore and raising a demand of ₹648.26 crore solely on the basis of undisclosed “Multi Year MNS Data”, without inquiry and without considering the return and explanations; the approval under s. 151 was also accorded mechanically. The Court quashed the reassessment and, noting the egregious non-application of mind and the severe prejudice caused by the high-pitched demand against a non-existent entity, directed issuance of show-cause to the respondents on imposition of exemplary costs of ₹1 crore. Kept for further hearing on 4^th  April, 2025. (AY. 2017-18)