Scrutiny Notice Was Issued In Amalgamating Company's Name Despite Dept Knowing Of Amalgamation: Calcutta HC Declines To Apply S.292B Of Income Tax Act

The Calcutta High Court refused to apply Section 292B of the Income Tax Act to a scrutiny notice issued in the name of an amalgamating company, despite the department being aware of the amalgamation. The case involved a notice issued to a company that had merged with another entity. The court found that the department’s awareness of the amalgamation should have led to the notice being issued in the name of the amalgamated entity. This decision underscores the importance of proper procedural compliance in tax administration, ensuring that notices and assessments are correctly addressed to the relevant legal entities.