1992 (1) TMI 78

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....hich it is contended that, for the purposes of section 10(6)(vii)(a) of the Income-tax Act, section 293B is not applicable. It is contended that the said section contains two limbs: the first limb is for initial approval and because it does not contain any time limit for approval, section 293B does not apply. On the face of it, the said contention is without any merit. The aforesaid provision, ....