Power to withdraw approvals: authorities may rescind granted tax approvals subject to show-cause opportunity and recorded reasons. Section 293C authorises the Central Government, the Board or any income-tax authority that grants approvals under the Income-tax Act to withdraw those approvals at any time even where withdrawal was not expressly provided for, provided the authority gives the assessee a reasonable opportunity to show cause against the proposed withdrawal and records its reasons for doing so.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Power to withdraw approvals: authorities may rescind granted tax approvals subject to show-cause opportunity and recorded reasons.
Section 293C authorises the Central Government, the Board or any income-tax authority that grants approvals under the Income-tax Act to withdraw those approvals at any time even where withdrawal was not expressly provided for, provided the authority gives the assessee a reasonable opportunity to show cause against the proposed withdrawal and records its reasons for doing so.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
