Approval u/s 10(23C)(iv) cannot be withdrawn for violation of certain compliance conditions

Population Services International Vs CIT (ITAT Delhi) ITAT Delhi held that approval granted under section 10(23C)(iv) of the Income Tax Act cannot be withdrawn on the allegation of violation of certain compliance conditions, once the threshold conditions is duly satisfied. Facts- The assessee was granted registration u/s. 12A of the Act on 06.12.1991 and u/s. 80G of the Act on 20.09.2007. The assessee was granted approval u/s. 10(23C)(iv) by the Central Board of Direct Taxes (CBDT) vide notification issued on 31.01.2007 and such approval was renewed in subsequent assessment years. In course of...