Assessment Void Because Notice Issued to Non-Existing Company After Merger: Bombay HC

CIT Vs Shell India Markets Pvt. Ltd. (Bombay High Court) Subsequent development: SLP filed by the Revenue before the Supreme Court in PCIT-LTU v. Shell India Markets Pvt. Ltd. was dismissed on 27 February 2026, thereby affirming the decision of the Bombay High Court. Core Issue: Whether assessment proceedings initiated or completed in the name of a company that has ceased to exist due to amalgamation are valid in law, and whether such defect can be cured by invoking Section 292B of the Income-tax Act, 1961. Brief Facts:-Shell Technology India Pvt. Ltd. amalgamated with Shell India Markets Pvt....