After repeated intimation, assessment order passed in the name of amalgamated company is bad-in-law

Biocon Biologics Limited Vs DCIT (ITAT Bangalore) ITAT Bangalore held that inspite of repeated intimation informing the amalgamation of the assessee, the assessment has been completed on a non-existing i.e. amalgamated company and therefore the the assessment order in the name of amalgamated company is treated as null and void. Facts- During the course of assessment proceedings, reference was made to TPO for determination of Arm’s Length Price of international transactions with its AE’s. TPO passed order u/s 92CA(3) of the I.T.Act proposing TP adjustment of Rs.2,31,00,871 on interest o...