Alternative statutory remedy before ITAT led to disposal of the writ, with limitation protection preserved.

The writ petition was disposed of because the petitioner had an efficacious statutory appeal remedy before the Income Tax Appellate Tribunal. The Court granted liberty to pursue that appellate remedy and directed that the time spent before the Court would be excluded for limitation purposes, preserving the petitioner's ability to file the appeal within time.

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Outcome: The writ petition was disposed of on the ground that the petitioner had an efficacious statutory remedy of appeal before the Income Tax Appellate Tribunal, with liberty to avail such remedy and with protection against the period spent before the Court being excluded for limitation purposes.

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