1992 (1) TMI 78

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..... tended 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, inter alia, req .....

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..... sible for us to construe section 293B in such a way as to take away the power of the Central Government or the Board to condone delay in appropriate cases. This application is, accordingly, dismissed. A last opportunity to the respondents to comply with our order dated July 9, 1991. The application of the petitioner should be considered on merits within a period of eight weeks from today. Till t .....

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