https://www.taxtmi.com/caselaws?id=450838 The HC quashed and set aside the impugned order of 23 September 2015 and remanded the matter to respondent no.2 for de novo consideration of the petitioner's application for approval under section 10(23C)(iv). The court directed respondent no.2 to apply the law as laid down by the ITAT decisions for the later assessment years and to afford the petitioner an opportunity to be heard. The HC held that a pending appeal against the ITAT does not justify ignoring its findings unless operation is stayed by a competent court. en-us Fri, 08 Mar 2024 00:00:00 +0530 Mon, 15 Sep 2025 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450838 The HC quashed and set aside the impugned order of 23 September 2015 and remanded the matter to respondent no.2 for de novo consideration of the petitioner's application for approval under section 10(23C)(iv). The court directed respondent no.2 to apply the law as laid down by the ITAT decisions for the later assessment years and to afford the petitioner an opportunity to be heard. The HC held that a pending appeal against the ITAT does not justify ignoring its findings unless operation is stayed by a competent court. Case-Laws Income Tax Fri, 08 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450838