Principal Commissioner Of Income Tax ... vs M/S Mahagun Realtors (P) Ltd

The Supreme Court upheld the decision of the Delhi High Court which affirmed the Income Tax Appellate Tribunal's ruling that quashed the assessment order against Mahagun Realtors (P) Ltd. The court found that the amalgamation of Mahagun Realtors with Mahagun India was valid and that the revenue's assessment was not in accordance with the law. The judgment emphasizes the importance of adhering to statutory provisions during tax assessments related to corporate amalgamations.