Assessee filed an appeal against said reassessment order to save his statutory right. Writ petition against reassessment order on grounds of non-following of mandatory requirement of disposing of objections raised by it against reopening of assessment. Dismissing the petition the court held that since assessee had already availed alternative remedy by way of statutory appeal alongside filing of instant writ petition, writ petition was not entertained. (AY. 2014-15)
Indo Colchem Ltd. v. Dy. CIT (2023) 292 Taxman 156 (Guj.)(HC)
S. 147 : Reassessment-After the expiry of four years-Alternative remedy-Writ petition is dismissed.[S. 148, Art. 226]