No rectification u/s 292B if Income Tax Assessment Order issued in the Name of a Non-Existent Entity

International Hospital Limited Vs DCIT (Delhi High Court) Conclusion: An assessment order issued in the name of the non-existent entity, following an amalgamation could not be cured u/s 292B as once the Scheme came to be approved, the transferor companies came to be dissolved by operation of law. Held: In the instant case, the petition was filed impugning orders of assessment as well as reassessment action initiated by the respondents on the ground of the amalgamated entity having never been placed on notice. Assessee would contend that despite the respondents having been duly apprised of the ...