Denial of Tax Exemption u/s 10(23C)(vi) Overturned; Audit Report Submitted Before Final Rejection.

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....DGIT(E) was not justified in denying the Assessee approval under Section 10(23C)(vi) on the ground that the audit report had not been furnished along with the application but had been furnished by the Assessee subsequently, prior to the rejection of the application. - HC....