Reassessment Quashed as Notice Issued to Non-Existing Company After Amalgamation

Sterlite Technologies Limited Vs DCIT (Bombay High Court) The petitions challenged assessment orders, demand notices, and penalty notices issued for Assessment Years 2013–14 and 2014–15 on the ground that they were passed in the name of a non-existing company. As both petitions involved common questions of fact and law, the Bombay High Court referred to the facts in one writ petition. A notice under Section 148 of the Income Tax Act, 1961 dated 30 March 2021 was issued for Assessment Year 2013–14 to Elitecore Technologies Private Limited (ETPL) on the basis that the Assessing Officer had...