{"id":46428,"date":"2024-09-15T10:23:57","date_gmt":"2024-09-15T04:53:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-sterlite-technologies-ltd-2024-297-taxman-134-462-itr-462-sc-editorial-sterlite-technologies-ltd-v-dy-cit2023-152-taxmann-com-381-2024-462-itr-157-bomhc\/"},"modified":"2024-09-15T10:23:57","modified_gmt":"2024-09-15T04:53:57","slug":"dy-cit-v-sterlite-technologies-ltd-2024-297-taxman-134-462-itr-462-sc-editorial-sterlite-technologies-ltd-v-dy-cit2023-152-taxmann-com-381-2024-462-itr-157-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-sterlite-technologies-ltd-2024-297-taxman-134-462-itr-462-sc-editorial-sterlite-technologies-ltd-v-dy-cit2023-152-taxmann-com-381-2024-462-itr-157-bomhc\/","title":{"rendered":"Dy. CIT v. Sterlite Technologies Ltd. (2024) 297 Taxman 134\/462 ITR 462 (SC) Editorial: Sterlite Technologies Ltd. v. Dy. CIT(2023) 152 taxmann.com 381\/(2024) 462 ITR 157 (Bom)(HC)"},"content":{"rendered":"<p>Assessee-company by a communication dated 28-4-2021 informed Assessing Officer about factum of non-existence of company Elitecore Technologies Private Limited (&#8220;ETPL&#8221; on account of its amalgamation with assessee-company with effect from 29-9-2015 and emphasized that since notice had been issued in name of a non-existing entity, same was non est and void ab initio. Despite objections of assessee, Assessing Officer issued a fresh notice requiring non-existent entity to show cause as to why proposed variation be not made and passed assessment order against it followed by penalty notice and demand notice-High Court held that since notice under section 148, assessment order as also penalty notice and demand notice had been issued in name of a non-existing entity despite having been informed about factum of amalgamation, assessment order and notices were untenable and set aside. SLP of Revenue is dismissed. (AY. 2013-14, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148 : Reassessment-Amalgamation-Notice issued to non existing company-Non-est and void-SLP against the order of High Court is dismissed. [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-46428","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-c4Q","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46428","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=46428"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46428\/revisions"}],"predecessor-version":[{"id":46429,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46428\/revisions\/46429"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=46428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=46428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=46428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}