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we ask the developers themselves to close the sprint once they completed the sprint. Just want to confirm, if it has to be closed by TL after he reviewed the tasks completion.

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The Product Owner should be responsible for closing a verified sprint after a successful demo has been done. The PO should check whether the stories have been "done" to completion in that they meet the correct acceptance criteria.

The developers can "close" the sprint, but the PO needs to verify the completeness of them and "officially" close the sprint and call it done.

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I always liked the idea that a sprint/iteration is timeboxed. When the time is out, the sprint is done and there is nothing you can do to to prolong the timebox. If you don't have time to run the demo within the timebox, you should adjust your process so it doesn't happen again (rather then "fixing" your timebox). –  Martin Wickman Dec 9 '10 at 21:07
    
Agreed. Having a fixed timebox is a foundational element of Scrum (proper). What is nice about timeboxing is that it really makes you focus on the primary and prioritized features you want to get done first! –  Agile Scout Dec 11 '10 at 1:17

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