Case Law Analysis
|Income Tax Appellate Tribunal
Section 143(3) IT Act | Assessment Against Non-Existent Merged Entity Void Ab Initio; Jurisdictional Defect Cannot Be Cured Under Sections 154/292BB : ITAT Delhi
ITAT Delhi rules that assessment proceedings initiated against a merged entity post-merger are void ab initio, as the jurisdictional defect cannot be rectified under Sections 154 or 292BB of the Income Tax Act. The ruling underscores that tax authorities must verify entity existence before initiating assessments, impacting merged companies and tax practitioners.