C.A. No. 002716 / 2022
PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) 2 vs M/S MAHAGUN REALTORS (P) LTD
Status
DISPOSED
Judges
HON'BLE MR. JUSTICE UDAY UMESH LALIT, HON'BLE MR. JUSTICE S. RAVINDRA BHAT and HON'BLE MR. JUSTICE PAMIDIGHANTAM SRI NARASIMHA
Order Date
05-04-2022
Citation
2022 INSC 389
Filed On
09-01-2020 10:38 AM
casestatus.in Summary
# Legal Principle Summary When an amalgamating company ceases to exist upon court-sanctioned merger under Section 394 of the Companies Act, 1956, assessment proceedings initiated or concluded in its name are void ab initio, as a non-existent entity lacks legal personality under Section 2(31) of the Income Tax Act; Section 292B cannot cure this jurisdictional defect. As analysed on casestatus.in, active participation by the successor entity in such proceedings does not create estoppel, and the revenue's knowledge of amalgamation obligates it to proceed against the amalgamated company under Section 170.