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2021 (6) TMI 109 - HC - Income TaxReopening of assessment u/s 147 - HELD THAT:- The relief claimed in the writ petition is pivoted on the fact that Elegant Real Tech Private Limited, amongst other entities, stood merged with the petitioner, and that the amalgamation scheme filed in that behalf has received the seal of approval by this Court [2016 (4) TMI 1408 - DELHI HIGH COURT] The petitioner claims that since Elegant Real Tech Private Limited ceased to exist upon the approval of the amalgamation scheme, the impugned notice could not have been issued qua the said entity. As, perhaps, for this reason, the respondent/revenue has taken a stand before us that it would drop the proceedings against Elegant Real Tech Private Limited, with liberty to initiate/continue the proceedings against the petitioner, as per law.
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