https://www.taxtmi.com/caselaws?id=390848 Approval under section 10(23C)(vi) could be withdrawn only on the statutory grounds in the proviso, namely non-genuine activities, improper application or investment of funds, or breach of approval conditions. On the record, the show-cause notice was held valid because the prescribed authority's application of mind and approval were evident, despite the final notice being signed by an subordinate. On the merits, the university's courses were found to be educational in nature and there was no adverse material showing profit-oriented or non-educational activity; alleged hospital-related activity and course objections were insufficient to establish loss of educational character. The approval was therefore directed to be restored. en-us Fri, 03 Jan 2020 00:00:00 +0530 Wed, 05 Feb 2020 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390848 Approval under section 10(23C)(vi) could be withdrawn only on the statutory grounds in the proviso, namely non-genuine activities, improper application or investment of funds, or breach of approval conditions. On the record, the show-cause notice was held valid because the prescribed authority's application of mind and approval were evident, despite the final notice being signed by an subordinate. On the merits, the university's courses were found to be educational in nature and there was no adverse material showing profit-oriented or non-educational activity; alleged hospital-related activity and course objections were insufficient to establish loss of educational character. The approval was therefore directed to be restored. Case-Laws Income Tax Fri, 03 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390848