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1981 (10) TMI 38 - KARNATAKA HIGH COURTExtract: .......cerned, the company should seek its remedy under the provisions of any other law, and not under s. 392 of the Companies Act, as the company court cannot assume corrective jurisdiction to set aside regular assessments under the I.T., Act. Hence, the petition is rejected, upholding the preliminary objection raised. There will be no order as to costs.
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