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2021 (12) TMI 714 - HC - Income TaxValidity of reopening of assessment u/s 147 - notice against company non existing - notice to company had ceased to exist having been amalgamated with petitioner - HELD THAT:- The notice issued under Section 148 of the said Act to a non existing company is bad in law and therefore, even the order disposing of the objections passed will also be bad in law. The Principal Chief Commissioner is directed to hold an enquiry against the concerned officers as to why despite being brought to their notice that Vadinar Power Company Limited is a non existing entity having been amalgamated with petitioner notices were continued to be issued in the name of Vadinar Power Company Limited and even the order disposing of the objections came to be passed in the name of Vadinar Power Company Limited resulting in the notice under Section 148 of the said Act itself being quashed. The Principal Chief Commissioner, after holding an enquiry, may take such action as required against the erring officers, if found guilty.
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