https://www.taxtmi.com/caselaws?id=34175 The Court set aside the Central Board of Direct Taxes' rejection of the Petitioner's applications for approval under Section 35(1)(ii) of the Income Tax Act, 1961. The Court emphasized that the CBDT lacked the authority and competence to reject such applications and directed the Central Government to reconsider the matter, taking into account the recognition granted to the Petitioner as a Scientific and Industrial Research Organization by the Ministry of Science and Technology. The Petition was allowed, and the Central Government was instructed to complete the review within six months from the date of the judgment. en-us Fri, 10 Jul 2009 00:00:00 +0530 Tue, 03 Nov 2009 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34175 The Court set aside the Central Board of Direct Taxes' rejection of the Petitioner's applications for approval under Section 35(1)(ii) of the Income Tax Act, 1961. The Court emphasized that the CBDT lacked the authority and competence to reject such applications and directed the Central Government to reconsider the matter, taking into account the recognition granted to the Petitioner as a Scientific and Industrial Research Organization by the Ministry of Science and Technology. The Petition was allowed, and the Central Government was instructed to complete the review within six months from the date of the judgment. Case-Laws Income Tax Fri, 10 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34175