https://www.taxtmi.com/caselaws?id=766226 Bombay HC dismissed the petition challenging an order passed under Section 92CD(3), holding that Section 246A(bb) provides an efficacious alternate remedy through appeal to Commissioner (Appeals). The court declined to exercise writ jurisdiction when statutory appeal was available. However, HC directed respondents to refund Rs. 23,77,74,400/- as admitted by Revenue under Section 154 r/w Section 92CD order, along with applicable interest until payment date. Petitioner granted liberty to file appeal under Section 246A(bb). en-us Wed, 12 Feb 2025 00:00:00 +0530 Thu, 20 Feb 2025 08:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766226 Bombay HC dismissed the petition challenging an order passed under Section 92CD(3), holding that Section 246A(bb) provides an efficacious alternate remedy through appeal to Commissioner (Appeals). The court declined to exercise writ jurisdiction when statutory appeal was available. However, HC directed respondents to refund Rs. 23,77,74,400/- as admitted by Revenue under Section 154 r/w Section 92CD order, along with applicable interest until payment date. Petitioner granted liberty to file appeal under Section 246A(bb). Case-Laws Income Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766226