https://www.taxtmi.com/caselaws?id=382440 The court dismissed the Writ Petitions, requiring the petitioners to exhaust statutory remedies under the Income Tax Act. It upheld the Assessing Officer's jurisdiction to independently determine share values and clarified that the tax imposed was not retrospective under Section 115QA. No breach of natural justice was found, granting petitioners the liberty to raise objections before the DRP within two weeks. en-us Tue, 25 Jun 2019 00:00:00 +0530 Tue, 02 Jul 2019 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382440 The court dismissed the Writ Petitions, requiring the petitioners to exhaust statutory remedies under the Income Tax Act. It upheld the Assessing Officer's jurisdiction to independently determine share values and clarified that the tax imposed was not retrospective under Section 115QA. No breach of natural justice was found, granting petitioners the liberty to raise objections before the DRP within two weeks. Case-Laws Income Tax Tue, 25 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382440