This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Assessment order against a non-existing entity post amalgamation is invalid
Case Law Details
- Case Name
- Crisil Ltd Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Crisil Ltd Vs ACIT (ITAT Mumbai)
Introduction: In the case of Crisil Ltd vs ACIT (ITAT Mumbai), a critical legal issue surrounding the assessment order against a non-existing entity was addressed. The Income-tax Appellate Tribunal (ITAT) held that the assessment order against Pipal Research Analytics and Information Services India Pvt. Ltd., which had merged with CRISIL Limited, was invalid.
Analysis: The case centers on the assessment order passed on 22nd May 2017, involving an adjustment of ₹2,70,20,486/- on account of the Arm’s Length Price of international transact...
