Writ Petition not maintainable against appealable Assessment Order

Omkara Assets Reconstruction Private Limited Vs ACIT (Madras High Court) In view of the fact that the Assessment Order is appealable and such appeal has been filed by the petitioner, I am not inclined to consider the Writ Petition on merits. Nonetheless, in view of the fact that the main issues for consideration in such appeal are limited largely to the inclusion of unsecured loans and share capital as part of the total income of the assessee, I am inclined to direct the expeditious disposal of the Appeal pending before the Commissioner of Income Tax (Appeals). Such appeal shall be decided aft...