https://www.taxtmi.com/caselaws?id=332247 The Supreme Court ruled in favor of the Union of India, overturning the High Court's decision that set aside the rejection of extending approval under Section 35(1)(ii) of the Income Tax Act, 1961. The Court held that the decision-making process followed the prescribed authority as per the Govt. of India (Transaction of Business) Rules, 1961, despite the initial approval being conveyed by the Director. The Court found the High Court's reasoning flawed in striking down the extension based on the decision-maker's perceived incompetence, leading to the appeal being allowed and the High Court's order set aside. en-us Fri, 02 Sep 2016 00:00:00 +0530 Thu, 02 Feb 2017 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332247 The Supreme Court ruled in favor of the Union of India, overturning the High Court's decision that set aside the rejection of extending approval under Section 35(1)(ii) of the Income Tax Act, 1961. The Court held that the decision-making process followed the prescribed authority as per the Govt. of India (Transaction of Business) Rules, 1961, despite the initial approval being conveyed by the Director. The Court found the High Court's reasoning flawed in striking down the extension based on the decision-maker's perceived incompetence, leading to the appeal being allowed and the High Court's order set aside. Case-Laws Income Tax Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332247