Petition premature as objections can be raised before assessing authority

Advertisement BMN Steels Emporium Vs DCIT (Madras High Court) Madras High Court held the writ petition as premature as it is open to the petitioner to raise all the objections before the assessing authority in respect of show cause notice before completion of assessment. Accordingly, writ petition disposed of. Facts- The petitioner is a company engaged in the business of trading of carbon and alloy steel iron bars. During the relevant assessment years, the petitioner had filed its return in terms of the IT Act. Survey u/s. 133A of the IT Act, was conducted on the premises of the petitioner ...