Assessment Quashed for Being Passed on a Non-Existent Amalgamated Entity

Kadimi Special Steels Private Limited Vs ACIT (ITAT Delhi) The Delhi Bench of the ITAT quashed the final assessment orders for assessment years 2017-18 and 2018-19 on the ground that they were passed in the name of a non-existent entity. The Tribunal noted that the assessee company had amalgamated with another company pursuant to an NCLT order effective from 1 April 2020 and that this fact, along with supporting documents, had been duly intimated to the Assessing Officer and the Dispute Resolution Panel well before the final assessment. Despite such intimation, the Transfer Pricing Officer, DR...