https://www.taxtmi.com/caselaws?id=435663 The amended section 10(23C) approval regime was applied with reference to the Finance Act-effective dates, and the substituted provisos required provisional approval to operate from the assessment year for which exemption was sought. Pending applications were to be processed under that revised framework, making the later assessment year adopted by the authority below inconsistent with the statutory scheme. On that basis, the effective date of provisional approval was required to be assessment year 2020-21, not assessment year 2021-22, and the assessee was entitled to relief from the earlier year. en-us Wed, 22 Mar 2023 00:00:00 +0530 Thu, 23 Mar 2023 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435663 The amended section 10(23C) approval regime was applied with reference to the Finance Act-effective dates, and the substituted provisos required provisional approval to operate from the assessment year for which exemption was sought. Pending applications were to be processed under that revised framework, making the later assessment year adopted by the authority below inconsistent with the statutory scheme. On that basis, the effective date of provisional approval was required to be assessment year 2020-21, not assessment year 2021-22, and the assessee was entitled to relief from the earlier year. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435663