Facts
of the Case
Ekum Design Private Limited was a
petitioner in a batch of writ petitions challenging assessment and reassessment
proceedings initiated by the Income Tax Department in the names of entities
that had ceased to exist due to approved schemes of amalgamation.
In the case of Ekum Design Private
Limited, a scheme of amalgamation had been duly sanctioned by the competent
authority, pursuant to which the amalgamating company stood dissolved by
operation of law and all its assets, liabilities and undertakings vested in the
amalgamated entity.
Despite being duly informed of the
amalgamation, the Assessing Officer issued statutory notices and initiated
proceedings in the name of the amalgamating (non-existent) entity.
Orders of assessment / reassessment were also framed without substituting the
name of the amalgamated company.
Aggrieved, the petitioner approached the
Delhi High Court contending that the entire proceedings were void.
Issues
Involved
Whether assessment or reassessment
proceedings initiated in the name of a non-existent amalgamating company
are valid in law.
Whether such a defect is a jurisdictional
illegality or a procedural irregularity curable under Section 292B
of the Income-tax Act, 1961.
Applicability of the Supreme Court
decisions in PCIT v. Maruti Suzuki India Ltd., Spice Entertainment
Ltd., and Mahagun Realtors (P) Ltd.
Petitioner’s
Arguments
The
petitioner submitted that:
Upon approval of a scheme of amalgamation,
the amalgamating company ceases to exist in the eyes of law.
Issuance of notices and framing of
assessment in the name of a non-existent entity is a jurisdictional defect,
rendering proceedings null and void.
Section 292B cannot cure defects that go
to the root of jurisdiction.
The issue stands conclusively settled by
the Supreme Court in Maruti Suzuki India Ltd., following Spice
Entertainment Ltd.
Respondent’s
Arguments
The
Revenue contended that:
The defect, if any, was merely
procedural and curable under Section 292B of the Act.
Reliance was placed on PCIT v.
Mahagun Realtors (P) Ltd. to argue that proceedings need not fail merely
because of incorrect description of the assessee.
Participation of the assessee in
proceedings showed that no prejudice was caused.
Court
Order / Findings
The
Delhi High Court allowed the writ petition and held that:
Upon amalgamation, the transferor company stands dissolved
by operation of law and ceases to exist as a juridical person.
Any notice issued or assessment framed in the name of such a
non-existent entity is a substantive illegality, not a procedural lapse.
Section 292B does not cure jurisdictional defects; it applies
only to technical or clerical mistakes where proceedings are otherwise in
substance in conformity with law.
The decision in Mahagun Realtors does not dilute the
binding ratio of Maruti Suzuki, which continues to govern cases where
proceedings are initiated against a dissolved entity despite the Revenue being
informed of amalgamation.
Participation by the assessee does not create estoppel against
law.
Important
Clarification
The
Court clarified that:
There is no conflict between
Spice Entertainment, Skylight Hospitality, Maruti Suzuki and Mahagun
Realtors—each turns on its own facts.
Where the Revenue is aware of
amalgamation and yet proceeds against a non-existent entity, the defect is
fatal.
Jurisdictional notices issued to a
dissolved entity cannot be validated by invoking Sections 170 or 292B of the
Act.
Final
Outcome
Writ
Petition Allowed
Assessment / Reassessment Proceedings
Quashed
Notices Issued in the Name of the
Amalgamating (Non-Existent) Entity Declared Void
Proceedings Held Unsustainable in Law
Link
to download the order - https://www.mytaxexpert.co.in/uploads/1770193201_EKUMDESIGNPRIVATELIMITEDVsINCOMETAXOFFICERANDORS..pdf
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