TMI Blog2018 (8) TMI 1774X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 computatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n of order dated 05.06.2018 passed by the Tribunal in the captioned appeal. The Tribunal in para 6 at page 4 had held as under:- 6 Even, computation of income was made and notice of demand was also issued under section 156 of the Act in the name of M/s. Akzo Nobel India Limited. 2. The assessee has pointed out that computation of income was made and notice of demand was issued in the nam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der section 156 of the Act and even computation of income were made in the name of amalgamated company i.e. Akzo Nobel Chemicals (India) Limited; despite the facts, TPO/DRP passed order/directions in the name of amalgamating 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, a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent 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. The balance order shall remain unchanged. - - TaxTMI - TMITax - I ..... X X X X Extracts X X X X X X X X Extracts X X X X
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