https://www.taxtmi.com/caselaws?id=247666 The court dismissed both writ petitions challenging a notice for escaped assessment in 2007-2008 and an assessment order for 2008-2009 based on short term capital gains from a transaction in 2007-2008. The court allowed the petitioners to raise their contentions in response to the notice but clarified that no further relief can be granted through the writ petition. Regarding the assessment order, the court held that since it is appealable, the petitioners did not establish a case for invoking the court's extraordinary jurisdiction under Article 226 of the Constitution, emphasizing the availability of an effective alternative remedy through appeal. en-us Thu, 08 May 2014 00:00:00 +0530 Mon, 19 May 2014 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247666 The court dismissed both writ petitions challenging a notice for escaped assessment in 2007-2008 and an assessment order for 2008-2009 based on short term capital gains from a transaction in 2007-2008. The court allowed the petitioners to raise their contentions in response to the notice but clarified that no further relief can be granted through the writ petition. Regarding the assessment order, the court held that since it is appealable, the petitioners did not establish a case for invoking the court's extraordinary jurisdiction under Article 226 of the Constitution, emphasizing the availability of an effective alternative remedy through appeal. Case-Laws Income Tax Thu, 08 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247666