Writ challenge to draft assessment declined where Dispute Resolution Panel and appellate remedies remained available

A writ challenge to a show cause notice and draft assessment under the Income-tax Act was declined because the petitioner had efficacious statutory remedies. The Court noted that objections could be raised before the Dispute Resolution Panel and that appellate forums remained available. It therefore did not entertain the petition and left the petitioner free to pursue those remedies, while preserving all rights and contentions.

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Issues: Whether the writ petition challenging the show cause notice and draft assessment proceedings under the Income-tax Act, 1961 should be entertained in view of the efficacious remedy before the Dispute Resolution Panel and appellate forums.

Analysis: The petitioner's grievance related to the show cause notice and the draft assessment order said to be inconsistent with the Transfer Pricing Officer's determination of arm's length price. The Court noted that objections could be raised before the Dispute Resolution Panel and that appellate remedies were also available.

Outcome: The Court declined to entertain the petition and disposed of it with liberty to pursue the available statutory remedies, while reserving the petitioner's rights and contentions.

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