https://www.taxtmi.com/caselaws?id=177978 The Tribunal held that approval by the Software Technology Park (STP) for a unit as a 100% Export Oriented Unit (EOU) is equivalent to approval by the Board appointed by the Central Government for claiming deduction under section 10B of the Income Tax Act. Emphasizing a liberal interpretation of section 10B to promote exports of computer software/IT enabled services, the Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision for the assessment year 2006-07. The judgment favored the assessee, confirming their eligibility for the deduction under section 10B. en-us Fri, 17 Sep 2010 00:00:00 +0530 Sat, 23 Jan 2016 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177978 The Tribunal held that approval by the Software Technology Park (STP) for a unit as a 100% Export Oriented Unit (EOU) is equivalent to approval by the Board appointed by the Central Government for claiming deduction under section 10B of the Income Tax Act. Emphasizing a liberal interpretation of section 10B to promote exports of computer software/IT enabled services, the Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision for the assessment year 2006-07. The judgment favored the assessee, confirming their eligibility for the deduction under section 10B. Case-Laws Income Tax Fri, 17 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177978