Assessment on Amalgamated Company Held Void for Lack of Jurisdiction

World Resorts Ltd. Vs ITO (ITAT Bangalore)

The assessee company (MRG Hotels Pvt. Ltd.) had amalgamated with World Resorts Ltd. with effect from 01.04.2018 pursuant to approval of the Regional Director, Ministry of Corporate Affairs. This fact was specifically noted by the Assessing Officer in the reassessment order itself. Despite being aware that the amalgamating company had ceased to exist, the Assessing Officer passed the reassessment order dated 30.12.2019 in the name of the erstwhile entity, i.e., MRG Hotels Pvt. Lt

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