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2016 (4) TMI 1038 - BOMBAY HIGH COURTReopening of assessment - Held that:- In the present case, the Assessing Officer is bestowed with the powers to reopen an assessment subject to satisfaction of conditions laid down in Sections 147 and 148 of the Act. The petitioner has chosen to submit itself to his jurisdiction and the objections to the reasons are made in the course of reassessment proceedings. The petitioners in this case having participated in the proceedings, do not deserve our exercising extraordinary jurisdiction under Article 226 of the Constitution of India. The petitioners are not remedyless. They have an effective alternative remedy available under the Act. All contentions left open to be urged before the Authorities. In the aforesaid facts and circumstances, the petition is dismissed.
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