1993 (9) TMI 45 - HC - Income Tax

Summary

The petition challenges assessment orders for the years 1978-79, 1979-80, and 1981-82 set aside under section 263 of the Income-tax Act. The court rejects the petition, stating the petitioner has an alternative remedy through appeals before the Income-tax Appellate Tribunal. The petitioner is advised to pursue the appeals, which are pending before the Deputy Commissioner of Income-tax (Appeals), Varanasi, with a directive to decide them expeditiously within six months.