ITAT Mumbai Upholds Corporate Death Principle in Tax Assessments After Amalgamation

ACIT Vs Candor Renewable Energy Pvt. Ltd (ITAT Mumbai)

The ITAT Mumbai ruled that assessment proceedings and orders issued in the name of a company that had been dissolved through amalgamation are void, affirming the principles established in the Supreme Court’s Maruti Suzuki case and distinguishing the facts from the Mahagun Realtors case. The court found that despite being informed, the Assessing Officer proceeded against a non-existent entity, rendering the entire process invalid from the start.

Summary of the ITAT Mumbai

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