SIMON CARVES INDIA LTD Vs. INCOME TAX OFFICER

JUDGEMENT

(1.) The order passed by the Central Board of Direct Taxes refusing to accord " approval", under Section 80-O of the Income-tax Act, 1961, dated January 4, 1977, has been impugned in the present writ petition by the petitioner company, M/s. Simon Carves (India) Limited.

(2.) In communicating the said impugned order, the Under Secretary to the Central Board of Direct Taxes has referred to the petitioner's letter dated September 26, 1975, which was the application for grant of " approval" under Section 80-0 of the Income-tax Act, 1961.

(3.) The impugned order which is set out at annexure " K " to the writ petition, inter alia, runs as follows :