Income of Predecessor Company Cannot Be Clubbed with Successor Post-Amalgamation

Kalpataru Projects International Ltd. Vs DCIT (ITAT Mumbai)

ITAT Mumbai Quashes Reassessment: Income of Predecessor Company Cannot Be Clubbed with Successor Post-Amalgamation

The Mumbai Bench of the ITAT allowed the appeals of Kalpataru Projects International Ltd. for AYs 2018-19 to 2020-21 and dismissed the cross-appeals of the Revenue, holding that the reassessment framed under section 147 was jurisdictionally invalid insofar as it sought to tax the income of the pred

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