Non-automatic approval
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....d Committee within fifteen days of receipt of applications. (2) The Empowered Committee shall consist of the following, namely :— (a) Secretary, Department of Industrial Policy and Promo­tion, Government of India Chairman; (b) Chairman, Central Board of Direct Taxes, Government of India, or his representative Member; (c) Secretary, Department of Urban Development, ....
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....cable statutory rules/obli­gations. The Committee will consider each case on its merits and grant approval subject to such other conditions as may be deemed fit by it. However, in all cases of rejection of proposals, the applicants shall be afforded an opportunity of being heard by the Committee and the orders shall be passed and communicated within twelve weeks. The Committee may also periodi....
TaxTMI