https://www.taxtmi.com/caselaws?id=180196 The existence of an alternative statutory appeal was treated as a rule of prudence, not an absolute bar to writ jurisdiction, and the writ petitions were maintained because repeated appellate proceedings would have caused hardship to senior citizens. Interest credited on a retained provident fund balance after retirement continued to retain provident-fund character under the governing regulations, and section 10(11) of the Income-tax Act, 1961 was held to preserve exemption. Reading regulation 38 harmoniously with regulation 41, and relying on the CBDT clarification of 15 June 2006, the reassessment notices under section 148 were quashed. en-us Fri, 04 Apr 2008 00:00:00 +0530 Fri, 18 Mar 2016 14:16:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180196 The existence of an alternative statutory appeal was treated as a rule of prudence, not an absolute bar to writ jurisdiction, and the writ petitions were maintained because repeated appellate proceedings would have caused hardship to senior citizens. Interest credited on a retained provident fund balance after retirement continued to retain provident-fund character under the governing regulations, and section 10(11) of the Income-tax Act, 1961 was held to preserve exemption. Reading regulation 38 harmoniously with regulation 41, and relying on the CBDT clarification of 15 June 2006, the reassessment notices under section 148 were quashed. Case-Laws Income Tax Fri, 04 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180196