2022 (7) TMI 971

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....al, Advocate and Mr. Rana Gurtej Singh, Advocate for the petitioner. ORDER TEJINDER SINGH DHINDSA, J . (ORAL) Instant writ petition assails the assessment order dated 31.03.2022 (Annexure P-15), notice of demand (Annexure P-16) as also notice of penalty (Annexure P-17) carrying even date i.e. 31.03.2022. It is the contention raised by counsel by adverting to the notice of striking o....

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.... Further contends that the impugned assessment order would even run in the teeth of Section 250 of the Companies Act. Having heard counsel at length and having perused the pleadings on record, we are of the considered view that no intervention at this stage is warranted. There would be an alternate statutory remedy available under Section 246-A of the Income Tax Act which ought to be availed....

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....;ble Supreme Court in Magadh Sugar and Energy Ltd. Vs. State of Bihar and others, 2021 SCC Online SC 801, wherein the issue as regards the exercise of writ jurisdiction under Article 226 of the Constitution of India, against the availability of an alternative remedy of an appeal was dealt with and certain principles were summarised. It was argued that as per parameters laid down, a writ petition u....