{"id":12330,"date":"2020-09-21T06:54:09","date_gmt":"2020-09-21T06:54:09","guid":{"rendered":"http:\/\/itatonline.org\/digest\/gayatri-microns-ltd-v-acit-2020-424-itr-288-gujhc\/"},"modified":"2021-08-28T15:14:37","modified_gmt":"2021-08-28T09:44:37","slug":"gayatri-microns-ltd-v-acit-2020-424-itr-288-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/gayatri-microns-ltd-v-acit-2020-424-itr-288-gujhc\/","title":{"rendered":"Gayatri Microns Ltd. v. ACIT (2020) 424 ITR 288  \/ 114 taxmann.com 318 (Guj)(HC)Editorial: SLP of revenue dismissed , due to low tax effect , ACIT v. Gayatri Microns Ltd. (2021) 278 Taxman 274 (SC)"},"content":{"rendered":"<p>Allowing the petition the Court held that\u00a0 ,notice issued against transferor company , amalgamating entity ceases to have existence hence the\u00a0\u00a0 notice and subsequent proceedings unsustainable. Accordingly\u00a0 the notice and all the proceedings taken pursuant thereto, were to be quashed and set aside.( AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.147: Reassessment \u2014Amalgamation &#8211; Notice issued against transferor-Amalgamating entity ceases to have existence-  Notice and subsequent proceedings unsustainable [ S.148 , Art , 226  ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12330","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3cS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=12330"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12330\/revisions"}],"predecessor-version":[{"id":21193,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12330\/revisions\/21193"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}