Invocation of writ jurisdiction under Article 226 against notice u/s 148 is untenable

Ajay Gupta (HUF) Vs ITC (Delhi High Court) Delhi High Court held that the Income Tax Act, 1961 provides an able machinery for assessment/reassessment of tax, the Assessee is not permitted to abandon with the machinery and invoke writ jurisdiction of the High Court under Article 226 of the Constitution of India. Facts- The Petitioner Assessee was served with a Show Cause Notice u/s. 148A(b) of the Act by AO, wherein, it was stated that a search was conducted by the Investigation Wing, Rohtak on Tradenext Securities Ltd. (Earlier known as Lifeline Securities Limited) and the said entity is invol...