Section 529 — Power to withdraw approval
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.
Related sections
- Section 499 — Certain transfers to be void
- Section 500 — Provisional attachment to protect revenue in certain cases
- Section 501 — Service of notice, generally
- Section 502 — Authentication of notices and other documents
- Section 503 — Service of notice when family is disrupted or firm etc., is dissolved
- Section 504 — Service of notice in case of discontinued business
- Section 505 — Submission of statement by a non-resident having liaison office
- Section 506 — Furnishing of information or documents by an Indian concern in certain cases
- Section 507 — Submission of statements by producers of cinematograph films or persons engaged in specified activity
- Section 508 — Obligation to furnish statement of financial transaction or reportable account
- Section 509 — Obligation to furnish information on transaction of crypto-asset
- Section 510 — Annual information statement
- Section 511 — Furnishing of report in respect of international group
- Section 512 — Publication of information respecting assessees in certain cases
- Section 513 — Appearance by registered valuer in certain matters
- Section 514 — Registration of valuers
- Section 515 — Appearance by authorised representative
- Section 516 — Rounding off of amount of total income, or amount payable or refundable
- Section 517 — Receipt to be given
- Section 518 — Indemnity
- Section 519 — Power to tender immunity from prosecution
- Section 520 — Cognizance of offences
- Section 521 — Probation of Offenders Act, 1958 and section 401 of Bharatiya Nagarik Sura-ksha Sanhita, 2023, not to apply
- Section 522 — Circumstances in which return of income, assessment, approvals, etc., not to be invalid
- Section 523 — Notice deemed to be valid in certain circumstances
- Section 524 — Presumption as to assets, books of account, etc
- Section 525 — Authorisation and assessment in case of search or requisition
- Section 526 — Bar of suits in civil courts
- Section 527 — Power to make exemption, etc., in relation to participation in business of prospecting for, extraction, etc., of mineral oils
- Section 528 — Power of Central Government or Board to condone delays in obtaining approval
- Section 530 — Act to have effect pending legislative provision for charge of tax
- Section 531 — Power to rescind exemption in relation to certain Union territories already granted under section 294A of the Income-tax Act, 1961
- Section 532 — Power to frame schemes
- Section 533 — Power to make rules
- Section 534 — Laying before Parliament
- Section 535 — Removal of difficulties
- Section 536 — Repeal and savings