https://www.taxtmi.com/caselaws?id=218367 STPI registration for a 100% export oriented unit was treated as sufficient approval for claiming deduction under section 10B of the Income-tax Act, 1961, where the issue had already been accepted in the assessee's own earlier year and the facts for the years under appeal were identical. The tribunal applied the rule of consistency and followed its prior view, holding that the departmental objection based on approval under the Industries (Development and Regulation) Act, 1951 did not prevail on the facts. Deduction under section 10B was therefore allowed. en-us Fri, 20 Jan 2012 00:00:00 +0530 Wed, 07 Nov 2012 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218367 STPI registration for a 100% export oriented unit was treated as sufficient approval for claiming deduction under section 10B of the Income-tax Act, 1961, where the issue had already been accepted in the assessee's own earlier year and the facts for the years under appeal were identical. The tribunal applied the rule of consistency and followed its prior view, holding that the departmental objection based on approval under the Industries (Development and Regulation) Act, 1951 did not prevail on the facts. Deduction under section 10B was therefore allowed. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218367