2008 (1) TMI 592

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Thereafter, miscellaneous application were filed on the ground that the assessee had paid interest under section 10(15)(iv)(c) of the Act without obtaining the necessary approval from the concerned authority and that the finding of the Tribunal that the assessee had obtained the approval required reconsideration. The Tribunal rejected the application on the ground that there is no apparent mista .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Assessing Officer?" 2. The basic issue raised is whether the assessee is entitled for exemption under section 10(15)(iv)(c) of the Act. 3. The appeal of the Revenue was dismissed. Thereafter, miscellaneous application was moved claiming that no approval was taken for allowing the exemption to the assessee under section 10(15)(iv) (c) of the Act. The Tribunal has rejected that miscellaneous app .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nd the order passed, vide paragraph 5 in this context requires suitable modification. Having heard the learned Departmental representative and perusing the record, we find the Income-tax Appellate Tribunal has given its finding on the facts and there is no mistake in the order of the Tribunal. However, we observe that if the approval was not received by the Assessing Officer as stated in the mis .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X