https://www.taxtmi.com/caselaws?id=265267 The court dismissed the writ petitions, directing the petitioner to avail the statutory remedy of appeal under Section 246A of the Income Tax Act within two weeks. It emphasized exhausting alternative remedies before resorting to writ jurisdiction, citing precedent. The court found no violation of procedure for reopening assessments, noting the petitioner's participation in reassessment proceedings without objections. The reopening was upheld based on the belief of income escapement due to depreciation claims. The court highlighted the necessity of disclosing material facts for reassessment beyond four years. en-us Tue, 04 Aug 2015 00:00:00 +0530 Tue, 03 May 2016 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265267 The court dismissed the writ petitions, directing the petitioner to avail the statutory remedy of appeal under Section 246A of the Income Tax Act within two weeks. It emphasized exhausting alternative remedies before resorting to writ jurisdiction, citing precedent. The court found no violation of procedure for reopening assessments, noting the petitioner's participation in reassessment proceedings without objections. The reopening was upheld based on the belief of income escapement due to depreciation claims. The court highlighted the necessity of disclosing material facts for reassessment beyond four years. Case-Laws Income Tax Tue, 04 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265267