|Question And Answer|
|Subject:||When the assessment order is passed in the old name of the Company . when the name is changed and informed the Assessing Officer , whether the assessment is valid ?|
|Querist:||CA AMIT N DESAI|
|Answered by:||Research Team|
|Tags:||Assessment, Assessment order, old name|
|Date:||May 22, 2021|
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A NAME OF THE COMPANY WAS CHANGED FROM X LTD TO SAY Y LTD. THE SAID CHANGE WAS INTIMATED TO THE AO DURING THE ASSESSMENT PROCEEDINGS. THE AO STILL PASSED THE ASSESSMENT ORDER U/S 143(3) IN THE OLD NAME (I.E X LTD.). DOES THIS ORDER VALID AS ON THE DATE OF PASSING THE ORDER THERE IS NO COMPANY BY X LTD.
It seems only the name of the Company is changed and Permanent Account No remains the change . The mistake is a curable defect under section 292B of the Act. It may be desirable for the assessee to write an letter to the Assessing Officer to change the name in the assessment order by passing an addendum to the title of the assessment order.
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