Calcutta HC Dismisses Writ on Reassessment Due to Delay and Alternative Remedy

Kesoram Industries Limited Vs ACIT (Calcutta High Court) Calcutta High Court has dismissed a writ petition filed by Kesoram Industries Limited challenging a reassessment notice and a subsequent assessment order from the Income Tax Department. The court underscored a crucial legal principle: a challenge to the validity of a notice is not maintainable after the assessee has participated in the ensuing proceedings without contemporaneous objection. The court refused to exercise its extraordinary writ jurisdiction, directing the company to avail the statutory appellate process, which it deemed an ...