Issuance of Scrutiny Notice Despite Knowing of Amalgamation: Calcutta HC Declines to Apply S. 292B of Income Tax Act [Read Order]

Section 292-B provides that no notice or assessment or any proceedings can be deemed to be invalid merely for the reason of any mistake, defect or omission in such notice, assessment or other proceedings
By Yogitha S. Yogesh - On November 25, 2024 12:00 pm - 2 mins read
Calcutta HC - Calcutta High Court - Section 292B of the Income Tax Act - Income Tax - Income Tax Act - Issuance of Scrutiny Notice - taxscan

In a significant case, the Calcutta High Court declined to apply Section 292B of the Income Tax Act, 1961 in the case where the scrutiny notice issued in an amalgamating company’s name, despite the Assessing Officer being aware about the company’s amalgamation. Section 292-B provides that no notice or assessment or any proceedings can be…

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