https://www.taxtmi.com/caselaws?id=393640 The Tribunal held that the rejection of the assessee's application for approval under Section 10(23C)(vi) of the Income Tax Act solely based on existing registration under Section 12AA was erroneous. It emphasized that both provisions operate independently, and the assessee should be given a fresh opportunity for examination. The issue was remanded to the Commissioner for reevaluation, ensuring the assessee's right to be heard. As a result, the appeal was allowed for statistical purposes. en-us Wed, 18 Mar 2020 00:00:00 +0530 Fri, 20 Mar 2020 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393640 The Tribunal held that the rejection of the assessee's application for approval under Section 10(23C)(vi) of the Income Tax Act solely based on existing registration under Section 12AA was erroneous. It emphasized that both provisions operate independently, and the assessee should be given a fresh opportunity for examination. The issue was remanded to the Commissioner for reevaluation, ensuring the assessee's right to be heard. As a result, the appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 18 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393640