Income Tax Act | Reassessment Notice To Merged Entity U/S 148A(d) Not Invalid Merely Because SCN Was Issued In Name Of Ceased Entity: Delhi HC

The Delhi High Court ruled that an Income Tax reassessment notice under Section 148A(d) is valid even if it pertains to a merged entity. The case involved the issuance of a notice under Section 148B in the name of a dissolved entity. The Court affirmed that the reassessment notice issued for the merged entity is not invalid, ensuring that the provisions of the Income Tax Act apply effectively in the case of mergers, without impeding the reassessment process due to changes in corporate structures.