Income Tax Assessment Upheld Because Amalgamation Was Not Informed to Tax Officer

Unique Rail Road Consultants Private Limited Vs DCIT (ITAT Hyderabad) Amalgamation Not Informed to AO Sustains Assessment; Mechanical 10% Expense Disallowance Fails – Applying Mahagun Realtors (SC) and Distinguishing Maruti Suzuki (SC) The ITAT Hyderabad adjudicated both jurisdictional validity of assessment and sustainability of ad-hoc disallowances. On the issue of assessment framed in the name of a non-existent entity, the Tribunal held that though amalgamation had occurred, the assessee failed to formally intimate the Assessing Officer during assessment proceedings and also filed the ret...