https://www.taxtmi.com/caselaws?id=20560 The High Court declined to interfere in a case where a petitioner, engaged in carpet manufacturing, was reassessed for the assessment year 1982-83 due to bonus payments exceeding the limit under the Payment of Bonus Act, 1965. Despite seeking relief through a writ petition under article 226 of the Constitution, challenging the Income-tax Appellate Tribunal's order, the Court ruled that pursuing the remedy under section 256(1) of the Income-tax Act before the Tribunal was more appropriate. The Court emphasized that the Tribunal retains the power to grant interim orders and that alternative legal remedies must be exhausted before approaching the High Court. en-us Mon, 05 Jul 1993 00:00:00 +0530 Sat, 14 Nov 2009 16:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20560 The High Court declined to interfere in a case where a petitioner, engaged in carpet manufacturing, was reassessed for the assessment year 1982-83 due to bonus payments exceeding the limit under the Payment of Bonus Act, 1965. Despite seeking relief through a writ petition under article 226 of the Constitution, challenging the Income-tax Appellate Tribunal's order, the Court ruled that pursuing the remedy under section 256(1) of the Income-tax Act before the Tribunal was more appropriate. The Court emphasized that the Tribunal retains the power to grant interim orders and that alternative legal remedies must be exhausted before approaching the High Court. Case-Laws Income Tax Mon, 05 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20560