SC Dismisses Revenue SLP as Fresh Notice Issued After HC Quashed Assessment on Non-Existent Entity

DCIT Vs Reliance Industries Ltd (Supreme Court of India) The matter concerns assessment proceedings relating to assessment years 1993–94 to 1995–96 and a connected writ petition. The central issue before the High Court was a jurisdictional question: whether an assessment order passed under Section 143(3) of the Income-tax Act in the name of a non-existent entity after amalgamation is void ab initio. Read HC Judgment: Assessment Orders Quashed as Passed in Name of Non-Existent Company After Amalgamation The case arose from the merger of Reliance Polyethylene Limited (RPEL) and Reliance Pol...