Issuance of Scrutiny Notice Despite Knowing of Amalgamation: Calcutta HC Declines to Apply S. 292B of Income Tax Act

The Calcutta High Court has declined to apply Section 292B of the Income Tax Act in a case where scrutiny notices were issued despite knowledge of amalgamation. The court emphasized that knowing disregard of corporate restructuring invalidates the notices. This ruling highlights the importance of tax authorities acknowledging corporate changes when issuing notices. The decision protects taxpayers from harassment due to improper notice issuance. The court's interpretation ensures better compliance with corporate law principles in tax administration.