https://www.taxtmi.com/caselaws?id=271814 The Court dismissed the petition challenging the re-computation of book profit for Minimum Alternate Tax (MAT) under Section 115JB of the Income Tax Act, emphasizing the availability of appeal as the proper remedy against assessment orders. Despite arguments on the maintainability of writ petitions, the Court upheld the dismissal due to the existence of an efficacious alternative remedy under the Act, declining to express an opinion on the case's merits. The Court stressed adherence to statutory procedures in revenue matters and cautioned against bypassing statutory remedies by resorting to Article 226 petitions. en-us Wed, 20 Jan 2016 00:00:00 +0530 Thu, 18 Feb 2016 07:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271814 The Court dismissed the petition challenging the re-computation of book profit for Minimum Alternate Tax (MAT) under Section 115JB of the Income Tax Act, emphasizing the availability of appeal as the proper remedy against assessment orders. Despite arguments on the maintainability of writ petitions, the Court upheld the dismissal due to the existence of an efficacious alternative remedy under the Act, declining to express an opinion on the case's merits. The Court stressed adherence to statutory procedures in revenue matters and cautioned against bypassing statutory remedies by resorting to Article 226 petitions. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271814