https://www.taxtmi.com/caselaws?id=10567 Approval under section 10(15A) of the Income-tax Act was essential for the claimed tax benefit, and without such approval the tax consequence of the lease agreements could not be finally determined. The rejection of the application was found to lack cogent reasons because it had been disposed of without a speaking order. The matter therefore required fresh examination by the Central Government as the competent authority. The impugned orders were quashed and the application was directed to be reconsidered by passing a speaking order, while the refund request was declined. en-us Tue, 05 Oct 2004 00:00:00 +0530 Fri, 17 Jul 2009 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10567 Approval under section 10(15A) of the Income-tax Act was essential for the claimed tax benefit, and without such approval the tax consequence of the lease agreements could not be finally determined. The rejection of the application was found to lack cogent reasons because it had been disposed of without a speaking order. The matter therefore required fresh examination by the Central Government as the competent authority. The impugned orders were quashed and the application was directed to be reconsidered by passing a speaking order, while the refund request was declined. Case-Laws Income Tax Tue, 05 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10567