https://www.taxtmi.com/caselaws?id=262800 The court granted the writ petition, directing the respondents to approve the petitioner's exemption application under Section 10(23C)(vi) of the Income-tax Act for the relevant assessment years. The court emphasized the importance of complying with legal principles and procedures, particularly in considering the third proviso conditions for approval. It highlighted discrepancies in the CBDT's interpretation of the Supreme Court decision, leading to the rejection of the impugned order. The Assessing Officer was instructed to review compliance with the third proviso conditions and make appropriate orders accordingly. en-us Thu, 13 Aug 2015 00:00:00 +0530 Tue, 15 Dec 2015 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262800 The court granted the writ petition, directing the respondents to approve the petitioner's exemption application under Section 10(23C)(vi) of the Income-tax Act for the relevant assessment years. The court emphasized the importance of complying with legal principles and procedures, particularly in considering the third proviso conditions for approval. It highlighted discrepancies in the CBDT's interpretation of the Supreme Court decision, leading to the rejection of the impugned order. The Assessing Officer was instructed to review compliance with the third proviso conditions and make appropriate orders accordingly. Case-Laws Income Tax Thu, 13 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262800