2002 (2) TMI 68

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..... in various posts in respondent No.1-bank have taken voluntary retirement, pursuant to voluntary retirement scheme introduced by the bank. It is the case of the petitioners that strictly in terms of section 192(2A) of the Income-tax Act, 1961, read with rule 21AA of the Income tax Rules, 1962, each petitioner furnished particulars in the prescribed forms (Form No. 10E) to the bank to enable the ban .....

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..... unsel, assisted by Smt. Pathak, for respondents Nos.1 to 3 and Shri Patankar, for respondent No.4. Having heard learned counsel for the parties and having perused the record of the case, I find no merit in the writ for grant of relief. In my opinion, in a case of this nature, section 89(1) of the Act itself has provided a statutory remedy for the petitioner (as an assessee) to make an applica .....

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..... t--it being a matter of factual adjudication. It is for this reason, this task is entrusted to the Assessing Officer in the section itself. I, therefore, decline to examine the issue raised by these petitioners and while dismissing the writ grant liberty to each petitioner to make an application before the Assessing Officer under section 89(1) of the Act, setting out therein all necessary parti .....

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