https://www.taxtmi.com/caselaws?id=300470 The High Court dismissed the writ petition challenging an assessment order under Section 144 of the Income Tax Act, 1961 for the assessment year 2017-18 by emphasizing the availability of an alternate remedy of revision under Section 264 of the Act. The Court refused to interfere with the assessment order, citing tax jurisprudence principles and the petitioner's delay in filing the petition. It directed the Revising Authority to promptly decide the revision, disregarding dropped penalty proceedings. The Court underscored the significance of adhering to statutory remedies and maintaining judicial policy consistency, ultimately dismissing the writ petition. en-us Thu, 09 Sep 2021 00:00:00 +0530 Fri, 04 Feb 2022 06:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300470 The High Court dismissed the writ petition challenging an assessment order under Section 144 of the Income Tax Act, 1961 for the assessment year 2017-18 by emphasizing the availability of an alternate remedy of revision under Section 264 of the Act. The Court refused to interfere with the assessment order, citing tax jurisprudence principles and the petitioner's delay in filing the petition. It directed the Revising Authority to promptly decide the revision, disregarding dropped penalty proceedings. The Court underscored the significance of adhering to statutory remedies and maintaining judicial policy consistency, ultimately dismissing the writ petition. Case-Laws Income Tax Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300470