https://www.taxtmi.com/caselaws?id=332126 STPI approval and the execution of the required agreement were treated as sufficient to satisfy the statutory requirement for a 100% export oriented undertaking under section 10B. The Tribunal followed coordinate Bench rulings holding that deduction could not be denied merely because approval was not granted by the Board constituted under section 14 of the Industries (Development and Regulation) Act, 1951. On that basis, the assessment order allowing the section 10B deduction was not considered erroneous for revisional purposes, and the revision under section 263 was set aside. en-us Wed, 27 Jul 2016 00:00:00 +0530 Sun, 11 Sep 2016 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332126 STPI approval and the execution of the required agreement were treated as sufficient to satisfy the statutory requirement for a 100% export oriented undertaking under section 10B. The Tribunal followed coordinate Bench rulings holding that deduction could not be denied merely because approval was not granted by the Board constituted under section 14 of the Industries (Development and Regulation) Act, 1951. On that basis, the assessment order allowing the section 10B deduction was not considered erroneous for revisional purposes, and the revision under section 263 was set aside. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332126