Assessment order not become invalid merely for being in name of non-existent amalgamated company valid: SC

PCIT Vs Mahagun Realtors (P) Ltd. (Supreme Court of India) The facts of the present case are distinctive, as evident from the following sequence: 1. The original return of MRPL was filed under Section 139(1) on 30.06.2006. 2. The order of amalgamation is dated 11.05.2007 – but made effective from 01.04.2006. It contains a condition – Clause 220 – whereby MRPL’s liabilities devolved on MIPL. 3. The original return of income was not revised even though the assessment proceedings were pending. The last date for filing the revised returns was 31.03.2008, after the amalgamation order. ...