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2016 (12) TMI 239 - AT - Income TaxValidity of assessment against non-existent concern - Held that:- We set-aside the action of the Assessing Officer in framing the impugned assessment against the Siemens Corporate Finance Pvt. Ltd. on 16/08/2012, because on the said date, it was a non-existing concern on account of its amalgamation with Siemens Technology and Services Pvt. Ltd. w.e.f. 01/10/2011 following the scheme of amalgamation approved by the Hon'ble Bombay High Court on 26/08/2011.As a consequence, the assessment order dated 16/08/2012 is held to be as invalid and void-ab-initio - Decided in favour of assessee
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