{"id":60157,"date":"2026-06-05T08:08:57","date_gmt":"2026-06-05T02:38:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/briliant-credit-and-finance-ltd-formerly-known-as-akarshan-vinimay-pvt-ltd-v-ito-2025-482-itr-774-calhc\/"},"modified":"2026-06-05T08:08:57","modified_gmt":"2026-06-05T02:38:57","slug":"briliant-credit-and-finance-ltd-formerly-known-as-akarshan-vinimay-pvt-ltd-v-ito-2025-482-itr-774-calhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/briliant-credit-and-finance-ltd-formerly-known-as-akarshan-vinimay-pvt-ltd-v-ito-2025-482-itr-774-calhc\/","title":{"rendered":"Briliant Credit and Finance Ltd. (formerly known as Akarshan Vinimay Pvt. Ltd. v. ITO (2025) 482 ITR 774 (Cal)(HC)"},"content":{"rendered":"<p>Held that the notice dated July 27, 2022 relating to the assessment year 2016-2017 under section 148 of the Income-tax Act, 1961 was issued to the assessee, which had already been amalgamated on October 4, 2019, with effect from April 1, 2018 and the Department had been intimated about this amalgamation. The notice had to be quashed solely on the ground that it was issued in the name of a non-existing company despite the Revenue having notice and knowledge of the non-existence of such company.(AY.2016-17)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 148 : Reassessment-Notice-Amalgamation of companies-Fact intimated to Income-tax authorities-Notice in name of transferor company which had ceased to exist-Not valid.[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_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":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-60157","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fEh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60157","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=60157"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60157\/revisions"}],"predecessor-version":[{"id":60158,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60157\/revisions\/60158"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}