1996 (3) TMI 39

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....y SYED SHAH MOHAMMED QUADRI J.--The petitioner challenges the validity of the order of the Income-tax Appellate Tribunal, the first respondent herein dated January 17, 1996, in I. T. As. Nos. 835 and 836/Hyd of 1994. The petitioner is an income-tax assessee. His income is assessable under the head "Salary". He is also subscribing to chit funds of various companies and receiving dividends fro....

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....has committed gross illegality which could be challenged in a writ petition under article 226 of the Constitution. We are afraid we cannot accede to the contention of learned counsel, firstly, because the judgment of the jurisdictional High Court in CIT v. Kovur Textiles and Co. [1982] 136 ITR 61, was considered by the Tribunal and distinguished and secondly, because the scheme of the Income-tax A....