https://www.taxtmi.com/caselaws?id=252824 STPI registration alone does not satisfy the statutory approval requirement for deduction under section 10B where approval by the prescribed authority is required for a hundred per cent export oriented undertaking. An alternate claim for deduction under section 10A may be entertained when raised at the earliest effective stage with the necessary audit report, and the claim should then be examined on merits. Section 80-IA(8), read with sections 10A(7) and 10B(7), applies only where there is a distinct other business with inter-business transfers; support centres forming part of the same export undertaking do not justify apportionment of profits to reduce eligible deduction. en-us Thu, 30 Oct 2014 00:00:00 +0530 Wed, 05 Nov 2014 06:26:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252824 STPI registration alone does not satisfy the statutory approval requirement for deduction under section 10B where approval by the prescribed authority is required for a hundred per cent export oriented undertaking. An alternate claim for deduction under section 10A may be entertained when raised at the earliest effective stage with the necessary audit report, and the claim should then be examined on merits. Section 80-IA(8), read with sections 10A(7) and 10B(7), applies only where there is a distinct other business with inter-business transfers; support centres forming part of the same export undertaking do not justify apportionment of profits to reduce eligible deduction. Case-Laws Income Tax Thu, 30 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252824