https://www.taxtmi.com/caselaws?id=180477 Deduction under section 10B was treated as unavailable only if the approval requirement was not met, but STPI approval for a 100% export-oriented software unit was accepted as sufficient on the facts discussed. The analysis notes that the same claim had already been allowed in the preceding year on identical facts, and the Revenue had not challenged that relief. It further records reliance on CBDT Instruction No. 1 of 2006 and later Tribunal decisions supporting STPI approval as meeting the statutory requirement, after distinguishing an earlier contrary view. The deduction was therefore not to be denied merely because approval was not granted by the Board under section 14 of the Industries (Development and Regulation) Act, 1951. en-us Wed, 26 Feb 2014 00:00:00 +0530 Sat, 26 Mar 2016 09:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180477 Deduction under section 10B was treated as unavailable only if the approval requirement was not met, but STPI approval for a 100% export-oriented software unit was accepted as sufficient on the facts discussed. The analysis notes that the same claim had already been allowed in the preceding year on identical facts, and the Revenue had not challenged that relief. It further records reliance on CBDT Instruction No. 1 of 2006 and later Tribunal decisions supporting STPI approval as meeting the statutory requirement, after distinguishing an earlier contrary view. The deduction was therefore not to be denied merely because approval was not granted by the Board under section 14 of the Industries (Development and Regulation) Act, 1951. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180477