Making assessment in name of non exsistent entity could not be cured by resort to S.292 B -Intel Technology India P ltd (57 TMC 159) 3.3.2015 [Karnataka]

Block assessment made in name of amalgamating co is invalid as it ceased to exist after amalgamation. Here notice of the fact was also given to AO-Micra India (P) LTD 57 TMC 153 (Del H C)22-01-2015

Non attendances of assessment proceedings due to CA busy in tax audits in the month of September held reasonable cause for non levy of penalty u/s 271(1)(b) by ITAT Mumbai in RAMESH KUMAR JAIN Separate 23, 2015 (2015) 45 CCH 0073