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2021 (6) TMI 183 - HC - Income TaxValidity of reopening of assessment u/s 147 - notice against entity non existent - HELD THAT:- The petitioner claims that since Elegent 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. For this reason, the respondent/revenue has taken a stand before us that it would drop the proceedings against Elegent Real Tech Private Limited, with liberty to initiate/continue the proceedings against the petitioner, as per law. The statement of Mr. Rai, made in that behalf, is taken on record. The writ petition is, accordingly, closed.
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