https://www.taxtmi.com/caselaws?id=286198 The court upheld the validity of the reassessment notice issued under Section 147 of the Income Tax Act, 1961, based on new information discovered post the original assessment. It deemed the writ petition as not maintainable due to the availability of an alternative appeal remedy. The court ruled that the Revenue's action under Section 147 was justified, and Section 263 was deemed inapplicable. The Single Judge's order was set aside, directing the assessee to file an appeal within 30 days. The writ appeal was allowed, with each party bearing their own costs. en-us Tue, 25 Jun 2019 00:00:00 +0530 Sun, 16 Feb 2020 08:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286198 The court upheld the validity of the reassessment notice issued under Section 147 of the Income Tax Act, 1961, based on new information discovered post the original assessment. It deemed the writ petition as not maintainable due to the availability of an alternative appeal remedy. The court ruled that the Revenue's action under Section 147 was justified, and Section 263 was deemed inapplicable. The Single Judge's order was set aside, directing the assessee to file an appeal within 30 days. The writ appeal was allowed, with each party bearing their own costs. Case-Laws Income Tax Tue, 25 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286198