https://www.taxtmi.com/caselaws?id=300180 The Court overturned the dismissal of a writ petition by a Single Judge, emphasizing that an appeal is not an adequate remedy when the assessing authority disregards binding Supreme Court judgments. The Court directed the assessing authority to re-assess the primary agricultural credit society in accordance with the Supreme Court's ruling on deductions under s. 80P of the IT Act. The judgment highlighted the obligation of assessing authorities to follow Supreme Court decisions in contentious issues and annulled the assessment order, allowing the society to present its contentions during the reassessment within a three-month timeframe. en-us Mon, 28 Jun 2021 00:00:00 +0530 Fri, 14 Jan 2022 20:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300180 The Court overturned the dismissal of a writ petition by a Single Judge, emphasizing that an appeal is not an adequate remedy when the assessing authority disregards binding Supreme Court judgments. The Court directed the assessing authority to re-assess the primary agricultural credit society in accordance with the Supreme Court's ruling on deductions under s. 80P of the IT Act. The judgment highlighted the obligation of assessing authorities to follow Supreme Court decisions in contentious issues and annulled the assessment order, allowing the society to present its contentions during the reassessment within a three-month timeframe. Case-Laws Income Tax Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300180