Assessment framed in the name of non existing entity due to amalgamation cannot be cured by Sec. 292B provisions

Shivali Bardoliya Brief of the Case: It was held by ITAT delhi in the case of SC Jhonson Products Private Limited Vs. DCIT, that framing of assessment against a non existing entity/person is not a procedural irregularity but a jurisdictional defect and can not be cured by application of Section 292B of the Income Tax Act, 1961. Brief Facts of the Case: The assessee company M/s Karamchand Appliances Private Limited amalgamated with the assessee company S.C. Jhonson Products Private Limited w.e.f 1st June, 2005. A scheme of amalgamation was filed and duly approved u/s 391 and 394 of the Companie...