https://www.taxtmi.com/caselaws?id=267312 The Tribunal upheld the First Appellate Authority's decision to grant the deduction under section 10B of the Income Tax Act to the private limited company engaged in software development. The Tribunal emphasized the importance of the green card issued by the designated officer as sufficient approval for the deduction, referencing previous approvals and legal precedents. The Tribunal dismissed the Revenue's appeal, stating that without valid reasons, the Revenue could not deny the claimed deduction. The cross objection filed by the assessee was not pursued and was also dismissed. en-us Mon, 19 Oct 2015 00:00:00 +0530 Wed, 04 Nov 2015 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267312 The Tribunal upheld the First Appellate Authority's decision to grant the deduction under section 10B of the Income Tax Act to the private limited company engaged in software development. The Tribunal emphasized the importance of the green card issued by the designated officer as sufficient approval for the deduction, referencing previous approvals and legal precedents. The Tribunal dismissed the Revenue's appeal, stating that without valid reasons, the Revenue could not deny the claimed deduction. The cross objection filed by the assessee was not pursued and was also dismissed. Case-Laws Income Tax Mon, 19 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267312