{"id":12541,"date":"2020-10-04T13:54:19","date_gmt":"2020-10-04T13:54:19","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dcit-v-palm-tech-india-ltd-2020-78-itr-4-snmum-trib\/"},"modified":"2020-10-04T13:54:19","modified_gmt":"2020-10-04T13:54:19","slug":"dcit-v-palm-tech-india-ltd-2020-78-itr-4-snmum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-palm-tech-india-ltd-2020-78-itr-4-snmum-trib\/","title":{"rendered":"DCIT v .Palm Tech India Ltd. (2020) 78 ITR 4 (SN)(Mum) (Trib)"},"content":{"rendered":"<p>On appeal, the Tribunal held that the CIT(A) had given a categorical observation that the reassessment was initiated based on the audit objection. Even, on the date of such audit objection, the erstwhile assessee was not in existence pursuant to the amalgamation. Further, despite various intimations given, during penalty proceedings, the Assessing Officer proceeded to frame the re-assessment in the name of the amalgamating company, which was declared void ab initio by the CIT(A). Given this, the reassessment was liable to be set aside. (AY.2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148 : Reassessment \u2013 Notice \u2014 Validity \u2014 Amalgamation of companies \u2014 Effect \u2014 Amalgamating company ceases to exist \u2014 Factum of amalgamation brought to notice of AO \u2014 Reassessment proceedings against amalgamating company \u2014 Not valid [ S.147 ]<\/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":[21],"tags":[],"class_list":["post-12541","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3gh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12541","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=12541"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12541\/revisions"}],"predecessor-version":[{"id":12542,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12541\/revisions\/12542"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}