Power to withdraw approvals: tax authorities may revoke approvals after giving a show cause opportunity and recording reasons. An income tax authority vested with power to grant approvals may withdraw such approvals even where withdrawal is not expressly provided; withdrawal ... Summary
Power to withdraw approvals: tax authorities may revoke approvals after giving a show cause opportunity and recording reasons.
An income tax authority vested with power to grant approvals may withdraw such approvals even where withdrawal is not expressly provided; withdrawal requires giving the assessee a reasonable opportunity to show cause and recording reasons for the withdrawal.
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