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2018 (8) TMI 1774 - AT - Income TaxRectification of mistake - computation of income was made and notice of demand was issued in the name of M/s. Akzo Nobel (Chemicals) India Limited, which is the amalgamating company (non-existent entity) and not in the name of M/s. Akzo Nobel India Limited, which is the amalgamated company - HELD THAT:- An error has crept in the order of Tribunal and hence, this Corrigendum is being continued. The revised para shall read as under:- “9. In view of the above said facts and circumstances of the present case before us where final assessment order under section 143(3) r.w.s. 144C(13) of the Act, demand notice under section 156 of the Act and even computation of income were made in the name of amalgamating company i.e. Akzo Nobel Chemicals (India) Limited; despite the facts, TPO/DRP passed order/directions in the name of amalgamated company i.e. Akzo Nobel India Limited; assessment order passed by the Assessing Officer is invalid being issued in the name of non existing entity, hence is cancelled. Thus, additional grounds raised by assessee are allowed. Since the assessment order is held to be invalid, the issue raised on merit becomes academic. Accordingly, grounds raised by assessee are allowed.”
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