Exemption Withdrawn for Non-Specified Investments; Case Sent Back for Reconsideration u/s 10(23c)(VI.

Withdrawing the approval granted u/s 10(23c)(VI) - investment in the non-specified assets - assessee urged that withdrawal of exemption is very harsh step as the assessee has been enjoying the benefit of exemption, for several years. - Matter restored before the CIT(E) to reconsider the submissions of the assessee .....

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