Company Changed Name; SCN, Penalty Order for TDS Violations Issued in Previous Name: Delhi HC Says Clerical Error Can Be Rectified u/s 292B Income Tax Act

The Delhi High Court held that a Show Cause Notice (SCN) and penalty order issued in the previous name of a company, which had subsequently changed its name, is valid. The court stated that such a clerical error can be rectified under Section 292B of the Income Tax Act, which allows for mistakes that do not affect the substance of the notice to be corrected. This ruling ensures that procedural lapses do not hinder the enforcement of tax laws and that companies cannot evade penalties due to technicalities. The decision promotes administrative efficiency and upholds the principle that tax obligations persist despite name changes.