Initiation of reassessment in the name of non-existent amalgamated company is without jurisdiction

GPT Sons Pvt. Ltd. Vs DCIT (ITAT Kolkata) ITAT Kolkata held that reassessment proceeding initiated in the name of non­existent amalgamated company is without jurisdiction, void ab initio and is liable to be annulled. Facts- The assessee i.e. GPT Venture Pvt. Ltd. (GVPL) was amalgamated into GPT Son Pvt. Ltd. (GSPL) vide order dated 13.07.2012 passed by Hon’ble High Court of Calcutta in Co. Petition No. 76 of 2012 and Co. Application No. 1101 of 2012. GVPL lost its separate existence after it was merged with its group company GSPL. A notice u/s. 148 of the Act dated 30.03.2018 was issued fro...