https://www.taxtmi.com/caselaws?id=272119 Approval under the STP scheme does not satisfy the statutory requirement for deduction under section 10B, which demands approval as a 100% export oriented undertaking by the Board appointed by the Central Government; the claim was therefore denied. An alternate claim for deduction under section 10A, based on the same record, could nevertheless be entertained where the relevant facts were already on record and the other side had an opportunity to respond; the matter was remitted for fresh examination of the section 10A eligibility conditions. en-us Wed, 20 Jan 2016 00:00:00 +0530 Sat, 27 Feb 2016 09:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272119 Approval under the STP scheme does not satisfy the statutory requirement for deduction under section 10B, which demands approval as a 100% export oriented undertaking by the Board appointed by the Central Government; the claim was therefore denied. An alternate claim for deduction under section 10A, based on the same record, could nevertheless be entertained where the relevant facts were already on record and the other side had an opportunity to respond; the matter was remitted for fresh examination of the section 10A eligibility conditions. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272119