Notice u/s 142(1) to amalgamating entity after amalgamation void: SC

Pr. CIT Vs Maruti Suzuki India Limited (Supreme Court) Conclusion: Issuing of notice under section 142(1) in the name of amalgamating company despite of the fact that AO was already known that amalgamating company having ceased to exist as a result of the approved scheme of amalgamation, that jurisdictional notice in the name of amalgamating company was invalid. Held: Assessee-company was amalgamated with another company MSIL (Maruti Suzuki India Limited) pursuant to scheme of amalgamation approved by High Court. The terms of the approved scheme provided that all liabilities and duties of the ...