Notice issued against predecessor co. which has lost its existence after merger isn't valid: HC

IT : Where AO issued notice under sec. 148 to assessee on ground that it had received certain accommodation entries from a bogus company, in view of fact that by time of issuance of notice, assessee had already merged with another company and thereby lost its legal existence, notice issued in name of assessee became invalid and, therefore, impugned reassessment proceedings deserved to be quashed

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