https://www.taxtmi.com/caselaws?id=390320 The Tribunal held that the Ld. CIT (E) erred in rejecting fresh applications for approval under Section 10(23C)(vi) based solely on past violations, emphasizing that approval should be based on current compliance. The Tribunal directed the Ld. CIT to grant approval to both assessees from the relevant assessment year onwards, with the caveat that approval could be withdrawn for future violations. The appeals were allowed, and the decision was pronounced on 20th December 2019. en-us Fri, 20 Dec 2019 00:00:00 +0530 Sun, 29 Dec 2019 09:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390320 The Tribunal held that the Ld. CIT (E) erred in rejecting fresh applications for approval under Section 10(23C)(vi) based solely on past violations, emphasizing that approval should be based on current compliance. The Tribunal directed the Ld. CIT to grant approval to both assessees from the relevant assessment year onwards, with the caveat that approval could be withdrawn for future violations. The appeals were allowed, and the decision was pronounced on 20th December 2019. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390320