Tax Assessment Orders Against Companies That Ceased To Exist After Merger Are Invalid: Bombay High Court

In a significant ruling, the Bombay High Court has quashed tax assessment orders issued to Reliance Polypropylene Limited (RPPL) and Reliance Polyethylene Limited (RPEL) for the assessment years 1993-94 to 1995-96. The judgment, delivered by Justices MS Sonak and Jitendra Jain, holds that the orders issued in the names of these defunct companies post-merger are void ab initio (void from the beginning). The companies had merged with Reliance Industries Limited…