https://www.taxtmi.com/caselaws?id=328986 Deduction under Section 10B was discussed in relation to a 100% export oriented unit approved by STPI, where the Revenue objected that the approval had not been ratified by the Board of Approval. The Tribunal noted that its earlier decision, affirmed by the High Court, had already taken the view that Section 10B relief could not be denied merely for want of such further ratification, provided the other statutory conditions were met. It also applied the principle of consistency, observing that the deduction had been allowed in earlier years and the Revenue could not adopt a different stand in the sixth year of the claim. The Revenue's objection therefore failed. en-us Fri, 17 Jun 2016 00:00:00 +0530 Sat, 18 Jun 2016 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328986 Deduction under Section 10B was discussed in relation to a 100% export oriented unit approved by STPI, where the Revenue objected that the approval had not been ratified by the Board of Approval. The Tribunal noted that its earlier decision, affirmed by the High Court, had already taken the view that Section 10B relief could not be denied merely for want of such further ratification, provided the other statutory conditions were met. It also applied the principle of consistency, observing that the deduction had been allowed in earlier years and the Revenue could not adopt a different stand in the sixth year of the claim. The Revenue's objection therefore failed. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328986