https://www.taxtmi.com/caselaws?id=211869 The Court dismissed the writ petition challenging reassessment proceedings under s. 147/148 of the IT Act for the assessment year 2006-07 due to a variance in the cost of construction of a hotel building. The petitioner's claim of breach of natural justice was rejected as the assessing authority followed due process. The Court emphasized the availability of an appeal process under the Act and held that the writ petition was not maintainable. The petitioner was granted liberty to file appeals before the CIT(A) within one month, with directions for timely decision-making and payment of a portion of the demand. en-us Mon, 05 Dec 2011 00:00:00 +0530 Sat, 07 Apr 2012 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211869 The Court dismissed the writ petition challenging reassessment proceedings under s. 147/148 of the IT Act for the assessment year 2006-07 due to a variance in the cost of construction of a hotel building. The petitioner's claim of breach of natural justice was rejected as the assessing authority followed due process. The Court emphasized the availability of an appeal process under the Act and held that the writ petition was not maintainable. The petitioner was granted liberty to file appeals before the CIT(A) within one month, with directions for timely decision-making and payment of a portion of the demand. Case-Laws Income Tax Mon, 05 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211869