Assessment Orders Quashed as Passed in Name of Non-Existent Company After Amalgamation

Reliance Industries Limited Vs P. L. Roongta – CIT (Bombay High Court) The Bombay High Court disposed of a group of appeals relating to assessment years 1993–94 to 1995–96 along with a writ petition through a common order, as the central issue involved a common jurisdictional question. The appeals were filed by the assessee, while the revenue had filed cross-appeals for assessment year 1994–95. The matter arose from assessment orders passed in the names of companies that had ceased to exist due to amalgamation with another company. Read SC Judgment: SC Dismisses Revenue SLP as Fre...