https://www.taxtmi.com/caselaws?id=353650 Delay in filing the appeal against the revisionary order under section 263 was not condoned because the explanation for the long delay was vague and insufficient to show bona fide cause, so the appeal was dismissed. On the section 10B claim, approval granted by the Development Commissioner/STPI and later ratified by the Board of Approval was treated as valid; the ratification related back to the original approval, and the assessee remained eligible for deduction. The disallowance was therefore set aside, producing a mixed outcome on limitation and merits. en-us Mon, 18 Dec 2017 00:00:00 +0530 Tue, 09 Jan 2018 08:19:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353650 Delay in filing the appeal against the revisionary order under section 263 was not condoned because the explanation for the long delay was vague and insufficient to show bona fide cause, so the appeal was dismissed. On the section 10B claim, approval granted by the Development Commissioner/STPI and later ratified by the Board of Approval was treated as valid; the ratification related back to the original approval, and the assessee remained eligible for deduction. The disallowance was therefore set aside, producing a mixed outcome on limitation and merits. Case-Laws Income Tax Mon, 18 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353650