{"id":46112,"date":"2024-09-08T18:47:05","date_gmt":"2024-09-08T13:17:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/star-india-p-ltd-v-acit2023-224-ttj-985-mumtrib\/"},"modified":"2024-09-08T18:47:05","modified_gmt":"2024-09-08T13:17:05","slug":"star-india-p-ltd-v-acit2023-224-ttj-985-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/star-india-p-ltd-v-acit2023-224-ttj-985-mumtrib\/","title":{"rendered":"Star India (P) Ltd v. ACIT(2023) 224 TTJ 985 (Mum)(Trib)"},"content":{"rendered":"<p>Held that return of income filed in the name of amalgamating company, i.e. a non-existent entity, after amalgamation are non est and therefore, the assessment order passed in the name of non-existent entity is in valid. Tribunal also held that when the Assessing Officer has assessed the income of the assessee independently, i.e. without considering the returns filed, he is duty-bound to give credit of taxes under section 199 and allow refund of tax in accordance with law after verifying the claim of refund. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 143(3): Assessment-Return-Refund-Amalgamation-Non-existent entity-Credit for taxes paid-Assessing Officer is bound to give credit of taxes paid under section 199 and allow refund of tax in accordance with law. [ S.139, 139(9) 199, 237] <\/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-46112","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bZK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46112","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=46112"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46112\/revisions"}],"predecessor-version":[{"id":46113,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46112\/revisions\/46113"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=46112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=46112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=46112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}