2017 (1) TMI 329 - SCH - Income Tax

Assessment u/s 153A validity - Held that - We do not find any merit in this petition. The special leave petition is, accordingly, dismissed. HC order confimed 2016 (12) TMI 1195 - ORISSA HIGH COURT as taking into consideration the fact that there is availability of alternative remedy of appeal, we thought it proper not to interfere with the issue since only notice U/s.153-A has been issued to the petitioner with a direction to satisfy the authority, moreover, the search and seizure was conducted on 11.09.2014, well within the knowledge of the petitioner assessee, but he has not challenged the authority of the jurisdiction under the Act fairly for a period of more than two years and it is only after the notice U/s.153-A of the Act, 1961 issued, this writ petition has been filed.