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Reassessment proceedings initiated against merged company invalid: Delhi HC
Case Law Details
- Case Name
- Moonlight Equity (P.) Ltd. Vs Union of India (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Moonlight Equity (P.) Ltd. Vs Union of India (Delhi High Court)
Delhi High Court held that initiation of re-assessment proceedings under section 148 of the Income Tax Act against merged company is invalid as company is dissolved after Scheme of Arrangement. Thus, writ petition is allowed and notice/ order quashed.
Facts- The present writ petition impugns the notice dated 27 July 2022 issued under Section 148 of the Income Tax Act, 1961 and pertaining to Assessment Year 2014-15.
The challenge, which is principally mounted, is based on our decision in International Hospitals Limited. vs. DCIT Ci...
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