Section 529
Section 529: power to withdraw approval
Section 529 confirms that any approval-granting authority under the Income-tax Act, 2025 - the Central Government, the Board, or an income-tax authority - can also withdraw that approval later, even where the specific provision under which it was granted doesn't expressly mention withdrawal.
What Section 529 says
"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."
Safeguards before withdrawal
- The reasons for withdrawal must be recorded
- The assessee must be given a reasonable opportunity of being heard before the approval is withdrawn
Frequently asked questions
Can an approval be withdrawn even if the section that granted it says nothing about withdrawal?
Yes - Section 529 allows withdrawal even if the specific provision under which the approval was granted does not specifically allow for withdrawal.
Does the assessee get a chance to respond before an approval is withdrawn?
Yes - the authority must record its reasons and give the assessee a reasonable opportunity of being heard before withdrawing the approval.
Related sections
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Talk to our tax team about this sectionLast updated 9 September 2026