https://www.taxtmi.com/caselaws?id=270564 The Tribunal upheld the First Appellate Authority's decision to grant the deduction u/s 10B to the assessee, dismissing the Revenue's appeal. The Tribunal found that the approval by the Director of STPI sufficed for claiming the deduction, given the unit's investment level. The Tribunal emphasized that unless there were contrary facts, the department could not deny the claimed deduction. The cross objection by the assessee was not pursued and was dismissed. Both the Revenue's appeal and the assessee's cross objection were dismissed by the Tribunal on 19/10/2015. en-us Mon, 19 Oct 2015 00:00:00 +0530 Wed, 17 Feb 2016 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270564 The Tribunal upheld the First Appellate Authority's decision to grant the deduction u/s 10B to the assessee, dismissing the Revenue's appeal. The Tribunal found that the approval by the Director of STPI sufficed for claiming the deduction, given the unit's investment level. The Tribunal emphasized that unless there were contrary facts, the department could not deny the claimed deduction. The cross objection by the assessee was not pursued and was dismissed. Both the Revenue's appeal and the assessee's cross objection were dismissed by the Tribunal on 19/10/2015. Case-Laws Income Tax Mon, 19 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270564