No assessment order can be passed in name of amalgamating company not in existence at time of issuance of notice: ITAT

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) ruled that no assessment order could be issued in the name of the amalgamated company, as it was not yet incorporated at the time the notice was sent.
assessment order - amalgamating company - notice - itat mumbai - itat - Taxscan

The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that no assessment order could be passed in the name of the amalgamating company, which was not in existence at the time of the issuance of the notice. The assessee, Avaada Ventures Private Limited, is formed by merging Juicy International Pvt. Ltd. and Avaada Power Pvt….

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