https://www.taxtmi.com/caselaws?id=247894 The Court held that the petitioner's application for extension of approval under Section 10(23C)(vi) of the Income Tax Act for the assessment years 2008-09, 2009-10, and 2010-11 was unnecessary due to the CBDT's circular clarifying that approvals granted after 1.12.2006 were one-time approvals valid until withdrawn. The rejection of the extension application was deemed legally ineffective, and the writ petition was allowed. The Court emphasized the importance of the proviso to Section 10(23-C) in rescinding or withdrawing approvals and referenced a similar decision by a Division Bench of the High Court. en-us Wed, 21 May 2014 00:00:00 +0530 Wed, 20 Aug 2014 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247894 The Court held that the petitioner's application for extension of approval under Section 10(23C)(vi) of the Income Tax Act for the assessment years 2008-09, 2009-10, and 2010-11 was unnecessary due to the CBDT's circular clarifying that approvals granted after 1.12.2006 were one-time approvals valid until withdrawn. The rejection of the extension application was deemed legally ineffective, and the writ petition was allowed. The Court emphasized the importance of the proviso to Section 10(23-C) in rescinding or withdrawing approvals and referenced a similar decision by a Division Bench of the High Court. Case-Laws Income Tax Wed, 21 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247894