Income Tax Dept had Knowledge about Amalgamation: Calcutta HC quashes Re-Assessment Notice against Amalgamated Company [Read Order]

By Taxscan Team - On June 11, 2022 1:01 pm - 2 mins read
Income Tax Dept - Amalgamation - Calcutta HC - Re-Assessment Notice - Amalgamated Company - Taxscan

The Calcutta High Court has quashed a re-assessment notice under section 148 of the Income Tax Act, 1961 against an amalgamated Company since the same was non-existent and the income tax department had knowledge about the process. The petitioner, M/s SMJ Eximp Limited challenged a notice under Section 148 of the Income Tax Act, 1961…

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