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Case Law Details

Case Name : PCIT-7 Vs Vedanta Ltd. (Delhi High Court)
Related Assessment Year : 2015-16
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PCIT-7 Vs Vedanta Ltd. (Delhi High Court)

Conclusion: Despite there was a valid disclosure made by assessee and AO being duly apprised of the factum of merger, AO made the draft assessment order in the name of a party which no longer existed on that date. Where an order being framed in the name of a non-existent entity was held to be a fatal flaw which could neither be corrected nor rectified by taking recourse to Section 292B.

Held: Assessee M/s Vedanta Limited came into existence consequent to M/s Cairn India Limited amalgamating with it.�

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