https://www.taxtmi.com/caselaws?id=408926 The Court upheld the order reopening the assessment under Section 147 of the Income Tax Act, emphasizing the importance of exhausting appellate remedies before seeking judicial review under Article 226 of the Constitution of India. It highlighted the significance of appellate forums in fact-finding and cautioned against the trend of bypassing statutory requirements through Writ Petitions. The judgment directed the petitioner, an Aviation Company, to prefer an appeal within four weeks, underscoring the appellate authority's expertise in specific fields. Both Writ Petitions were disposed of without costs, ensuring a comprehensive resolution to the legal dispute. en-us Wed, 16 Jun 2021 00:00:00 +0530 Thu, 24 Jun 2021 08:27:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408926 The Court upheld the order reopening the assessment under Section 147 of the Income Tax Act, emphasizing the importance of exhausting appellate remedies before seeking judicial review under Article 226 of the Constitution of India. It highlighted the significance of appellate forums in fact-finding and cautioned against the trend of bypassing statutory requirements through Writ Petitions. The judgment directed the petitioner, an Aviation Company, to prefer an appeal within four weeks, underscoring the appellate authority's expertise in specific fields. Both Writ Petitions were disposed of without costs, ensuring a comprehensive resolution to the legal dispute. Case-Laws Income Tax Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408926