https://www.taxtmi.com/caselaws?id=387492 The Tribunal upheld the validity of the show cause notice and the jurisdiction of the Director General of Income-tax (Investigation). The cancellation of approval under section 10(23C)(vi) was found to have retrospective effect due to evidence of irregularities. The Tribunal remanded the case for the assessee to present its case with proper evidence, emphasizing compliance with conditions for exemption. The appeal was partly allowed for statistical purposes, granting the assessee one final opportunity to be heard while ensuring adherence to principles of natural justice. en-us Thu, 08 Aug 2019 00:00:00 +0530 Thu, 24 Oct 2019 08:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387492 The Tribunal upheld the validity of the show cause notice and the jurisdiction of the Director General of Income-tax (Investigation). The cancellation of approval under section 10(23C)(vi) was found to have retrospective effect due to evidence of irregularities. The Tribunal remanded the case for the assessee to present its case with proper evidence, emphasizing compliance with conditions for exemption. The appeal was partly allowed for statistical purposes, granting the assessee one final opportunity to be heard while ensuring adherence to principles of natural justice. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387492