{"id":38639,"date":"2024-02-01T11:26:18","date_gmt":"2024-02-01T05:56:18","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bennett-coleman-and-company-ltd-v-uoi-2023-294-taxman-372-bomhc\/"},"modified":"2024-02-01T11:26:18","modified_gmt":"2024-02-01T05:56:18","slug":"bennett-coleman-and-company-ltd-v-uoi-2023-294-taxman-372-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bennett-coleman-and-company-ltd-v-uoi-2023-294-taxman-372-bomhc\/","title":{"rendered":"Bennett Coleman and Company Ltd v. UOI (2023) 294 taxman 372 (Bom)(HC)"},"content":{"rendered":"<p>The AO issued notice under section 148 in name of the amalgamating entity proposing to reassess income of said entity.The Court noted that the assessee (amalgamated entity) had filed revised return, post amalgamation, which was duly scrutinised under section 143(2). Therefore, from the material on records, it is evident that the Revenue was aware about factum of amalgamation.<\/p>\n<p>The Court, following the ratio of the judgment of the Apex Court in the case of\u00a0Saraswati Industrial Syndicate Ltd.\u00a0v.\u00a0CIT\u00a0[1990] 186 ITR 278 (SC) \u00a0as also in the case of\u00a0Maruti Suzuki India Ltd. [2019] 416 ITR 613 (SC)\u00a0held that the notice issued under section 148 on non-existent entity as unsustainable in law and accordingly the same was set aside.(AY. 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148 : Reassessment-Notice-Notice issued in the name of non-existent entity-Knowledge of amalgamation was made to the department-notice issued was set-aside.[S. 147, 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":[21],"tags":[],"class_list":["post-38639","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a3d","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38639","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=38639"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38639\/revisions"}],"predecessor-version":[{"id":38640,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38639\/revisions\/38640"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}