Mumbai ITAT Invalidates Rectification Order for Non-Existent Entity Post-Merger

DCIT Vs IDBI Bank Ltd (ITAT Mumbai)

In a recent case before the Income Tax Appellate Tribunal (ITAT) in Mumbai, the validity of a rectification order under Section 154 of the Income-tax Act, 1961, came under scrutiny. The case, titled “DCIT Vs IDBI Bank Ltd,” involved a dispute regarding the rectification order passed in the name of a non-existent entity, United Western Bank Ltd., despite the assessing officer’s knowledge of its merger with IDBI Bank Ltd. Let’s delve into the detailed analysis of the case and the tribunal’s ruling.

The crux of t

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