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.

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