https://www.taxtmi.com/caselaws?id=349269 Section 10B deduction for a 100% export oriented undertaking was supported where approval had been granted by the Development Commissioner under the clarified CBDT approval mechanism. Subsequent ratification by the Board of Approval was treated as relating back to the original permission date, so internal delay in ratification did not defeat the claim when substantive eligibility conditions were met. On that basis, the denial of deduction was set aside and the assessee was found eligible. The challenge to reopening was not examined because the substantive tax issue was ative. en-us Tue, 05 Sep 2017 00:00:00 +0530 Sat, 18 Nov 2017 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349269 Section 10B deduction for a 100% export oriented undertaking was supported where approval had been granted by the Development Commissioner under the clarified CBDT approval mechanism. Subsequent ratification by the Board of Approval was treated as relating back to the original permission date, so internal delay in ratification did not defeat the claim when substantive eligibility conditions were met. On that basis, the denial of deduction was set aside and the assessee was found eligible. The challenge to reopening was not examined because the substantive tax issue was ative. Case-Laws Income Tax Tue, 05 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349269