https://www.taxtmi.com/caselaws?id=76906 The court upheld the conditions imposed by CBDT, including the requirement to apply 75% of accounting income for educational purposes in India. The petitioner was granted a reasonable period for compliance and a stay on the recovery of outstanding demands. The prescribed authority was directed to expedite the disposal of pending applications for approval. The petition was disposed of accordingly, with no order as to costs. en-us Wed, 30 Jun 2010 00:00:00 +0530 Thu, 15 Mar 2012 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76906 The court upheld the conditions imposed by CBDT, including the requirement to apply 75% of accounting income for educational purposes in India. The petitioner was granted a reasonable period for compliance and a stay on the recovery of outstanding demands. The prescribed authority was directed to expedite the disposal of pending applications for approval. The petition was disposed of accordingly, with no order as to costs. Case-Laws Income Tax Wed, 30 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76906