https://www.taxtmi.com/caselaws?id=433008 The Tribunal ruled in favor of the assessee, holding that the revocation of approval under section 10(23C)(iv) of the Income-tax Act was unsustainable. The Tribunal found that the assessee's activities were charitable in nature, aligned with its objectives, and did not engage in commercial activities. Additionally, it was determined that the retrospective withdrawal of approval was impermissible, citing judicial precedents. The Tribunal set aside the order revoking approval and restored the assessee's status under section 10(23C)(iv), ultimately allowing the appeal. en-us Wed, 30 Nov 2022 00:00:00 +0530 Thu, 19 Jan 2023 08:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433008 The Tribunal ruled in favor of the assessee, holding that the revocation of approval under section 10(23C)(iv) of the Income-tax Act was unsustainable. The Tribunal found that the assessee's activities were charitable in nature, aligned with its objectives, and did not engage in commercial activities. Additionally, it was determined that the retrospective withdrawal of approval was impermissible, citing judicial precedents. The Tribunal set aside the order revoking approval and restored the assessee's status under section 10(23C)(iv), ultimately allowing the appeal. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433008