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Case Name : Anokhi Realty Private Limited Vs ITO (Gujarat High Court)
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Anokhi Realty Private Limited Vs ITO (Gujarat High Court) Introduction: Dive into the recent Gujarat High Court ruling in the case of Anokhi Realty Private Limited vs ITO, which pertains to the quashing of an income tax reassessment notice against a non-existent entity due to amalgamation. This analysis dissects the court’s verdict and its implications on tax assessment procedures. Background: The case revolves around the cessation of existence of Satyasarthi Estate Organisers Private Limited, which merged with Anokhi Realty Private Limited through a scheme of amalgamation. The former co...
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