https://www.taxtmi.com/caselaws?id=313840 Bombay HC directed petitioner to pursue alternate remedy of appeal before CIT(Appeals) against reassessment orders under Section 246 of Income Tax Act instead of approaching HC directly. Court noted petitioner was under Official Liquidator's control during relevant assessment period. While rejecting writ petition for lack of efficacious alternate remedy, HC stayed penalty/recovery proceedings under Sections 274 and 271F until appellate authority decides the appeals. Petitioner granted two weeks to file appeals before CIT(Appeals). en-us Thu, 24 Nov 2022 00:00:00 +0530 Fri, 03 May 2024 19:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313840 Bombay HC directed petitioner to pursue alternate remedy of appeal before CIT(Appeals) against reassessment orders under Section 246 of Income Tax Act instead of approaching HC directly. Court noted petitioner was under Official Liquidator's control during relevant assessment period. While rejecting writ petition for lack of efficacious alternate remedy, HC stayed penalty/recovery proceedings under Sections 274 and 271F until appellate authority decides the appeals. Petitioner granted two weeks to file appeals before CIT(Appeals). Case-Laws Income Tax Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313840