2019 (2) TMI 824 - SCH - Income Tax

Power and jurisdiction to withdraw the approval granted u/s 10(23C)(vi) - validity of show cause notice that it was not signed by the competent authority - Held that - Since the Income Tax Appellate Tribunal on the facts of the case also came to the conclusion that there was no ground for the withdrawal of the approval u/s 10(23)(vi) of the Income Tax Act, 1961. We see no reason to entertain the Special Leave Petition under Article 136 of the Constitution. Special Leave Petition dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition as the Income Tax Appellate Tribunal found no grounds for withdrawal of approval under Section 10(23)(vi) of the Income Tax Act, 1961.