If foundational facts could not be established by way of writ petition, the taxpayer should be relegated to adopt proceedings before various Income-ta

Court: Supreme Court Citation: Coca Cola India Inc. Vs. ACIT & Ors. (SC) [Appeal (Civil) No. 646/200)] (Judgement dated 25 November 2010) Brief : Supreme Court directs that since, foundational facts could not be established by way of writ petition, the taxpayer should be relegated to adopt proceedings before various Income-tax authorities. Thus, the Supreme Court has confirmed the decision of the Punjab and Haryana High Court allowing Assessing Officer / Transfer Pricing Officer to continue with the reassessment proceedings. The Hon’ble Supreme Court (Supreme Court in the context of Tr...