https://www.taxtmi.com/caselaws?id=67486 The Tribunal ruled in favor of the assessee, allowing the deduction under section 35CCA for the assessment year. The approval of the Society for Integral Development (SID) was found to be valid during the relevant period, and the retrospective withdrawal of approval was deemed invalid. The Tribunal invoked the doctrine of promissory estoppel, preventing the denial of the deduction as the assessee had relied on the approval in good faith. The Tribunal held that the withdrawal of approval could only be prospective, and as the approval period had expired, it could not affect the assessee's claim. en-us Tue, 25 Feb 1992 00:00:00 +0530 Thu, 10 Mar 2011 18:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67486 The Tribunal ruled in favor of the assessee, allowing the deduction under section 35CCA for the assessment year. The approval of the Society for Integral Development (SID) was found to be valid during the relevant period, and the retrospective withdrawal of approval was deemed invalid. The Tribunal invoked the doctrine of promissory estoppel, preventing the denial of the deduction as the assessee had relied on the approval in good faith. The Tribunal held that the withdrawal of approval could only be prospective, and as the approval period had expired, it could not affect the assessee's claim. Case-Laws Income Tax Tue, 25 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67486