Karnataka HC Quashes Income Tax Reassessment Notice Issued to Non-Existing Entity [Read Order]
The court held that the authorities may examine contentions raised on merits after approval of the scheme of amalgamation and assessment orders have already been passed.
The Karnataka High Court has quashed the Income Tax reassessment notice issued to non-existing entities. The court held that the authorities may examine contentions raised on merits after approval of the scheme of amalgamation and assessment orders have already been passed. Informatica Business Solutions Private Limited, the petitioner/assessee has questioned the validity of the order…
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