https://www.taxtmi.com/caselaws?id=256667 The Court allowed the writ petition, setting aside the order declining exemption under section 10(23C)(vi) of the Income-tax Act, 1961. The matter was remanded to the respondent for a fresh decision on the petitioner's application for approval/exemption. The Court found the defect in the trust deed to be curable as the event of dissolution had not yet occurred, and the petitioner had rectified the deficiency in advance. The denial of approval/exemption was deemed unjustified due to the absence of fund misuse and proactive rectification by the petitioner. en-us Mon, 24 Mar 2014 00:00:00 +0530 Thu, 19 Feb 2015 09:00:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256667 The Court allowed the writ petition, setting aside the order declining exemption under section 10(23C)(vi) of the Income-tax Act, 1961. The matter was remanded to the respondent for a fresh decision on the petitioner's application for approval/exemption. The Court found the defect in the trust deed to be curable as the event of dissolution had not yet occurred, and the petitioner had rectified the deficiency in advance. The denial of approval/exemption was deemed unjustified due to the absence of fund misuse and proactive rectification by the petitioner. Case-Laws Income Tax Mon, 24 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256667