https://www.taxtmi.com/caselaws?id=2985 The court dismissed the writ petitions challenging the rejection of exemption under Sections 11 and 12 of the Income Tax Act for the assessment year 2002-03 due to violations of Section 13(1)(d). It emphasized the need to exhaust statutory remedies before resorting to judicial review, highlighting that factual disputes should be addressed through statutory appeals rather than Article 226 of the Constitution of India. The court underscored that alternative statutory remedies must be pursued before seeking judicial intervention, ultimately upholding the rejection of exemption for the petitioner's ownership of shares in Limited companies. en-us Mon, 12 Mar 2007 00:00:00 +0530 Wed, 30 Jul 2008 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2985 The court dismissed the writ petitions challenging the rejection of exemption under Sections 11 and 12 of the Income Tax Act for the assessment year 2002-03 due to violations of Section 13(1)(d). It emphasized the need to exhaust statutory remedies before resorting to judicial review, highlighting that factual disputes should be addressed through statutory appeals rather than Article 226 of the Constitution of India. The court underscored that alternative statutory remedies must be pursued before seeking judicial intervention, ultimately upholding the rejection of exemption for the petitioner's ownership of shares in Limited companies. Case-Laws Income Tax Mon, 12 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2985