Reassessment notice Against Non-Existent Entity After Amalgamation is invalid

JCIT (OSD) Vs IGT Solution Private Ltd. (ITAT Delhi) Delhi Bench of ITAT upheld the order of CIT(A), NFAC, Delhi, & dismissed the Revenue’s appeal in the case of M/s IGT Solutions Pvt. Ltd. where reassessment proceedings were initiated in the name of a non-existent entity.  Tribunal observed that the original company, I.G.T. Solutions Pvt. Ltd., had been amalgamated with InterGlobe Technologies Pvt. Ltd. with effect from 1 April 2017 as per the NCLT order dated 12.04.2018. The resultant company was later renamed as IGT Solutions Pvt. Ltd. on 19.02.2019. The amalgamation & change of ...