2025Section 529
529. Power to withdraw approval.
In the 1961 Act1 match · Unreviewed
- 1961 Section 293C
From the Income Tax Department's correspondence.
Where the Central Government or the Board or an income-tax authority, has the power to grant any approval under any provision of this Act to any assessee, the Central Government or the Board or such income-tax authority may, withdraw such approval at any time after recording the reasons therefor, even if such provision does not specifically allow for its withdrawal, after giving such assessee a reasonable opportunity of being heard.