https://www.taxtmi.com/caselaws?id=759137 The AP HC dismissed a writ petition challenging an assessment order under Section 153A involving additions under Section 69A for unexplained unsecured loans. The court held that despite availability of alternative appellate remedy under Section 246A, writ jurisdiction under Article 226 could be exercised in exceptional circumstances like lack of jurisdiction or violation of natural justice. However, the petitioner failed to establish such exceptional circumstances. The assessing officer had issued notices under Section 142(1) seeking details of unsecured loans and creditor confirmations, but the petitioner failed to provide adequate responses or evidence to discharge the burden of proof. The court found no jurisdictional error or natural justice violation, dismissing the petition while granting liberty to approach the appellate authority. en-us Wed, 18 Sep 2024 00:00:00 +0530 Wed, 25 Sep 2024 08:01:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759137 The AP HC dismissed a writ petition challenging an assessment order under Section 153A involving additions under Section 69A for unexplained unsecured loans. The court held that despite availability of alternative appellate remedy under Section 246A, writ jurisdiction under Article 226 could be exercised in exceptional circumstances like lack of jurisdiction or violation of natural justice. However, the petitioner failed to establish such exceptional circumstances. The assessing officer had issued notices under Section 142(1) seeking details of unsecured loans and creditor confirmations, but the petitioner failed to provide adequate responses or evidence to discharge the burden of proof. The court found no jurisdictional error or natural justice violation, dismissing the petition while granting liberty to approach the appellate authority. Case-Laws Income Tax Wed, 18 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759137