https://www.taxtmi.com/caselaws?id=377135 Approval under the Software Technology Park of India scheme did not satisfy the statutory requirement of approval as a hundred per cent export-oriented undertaking for section 10B, because the Act contemplated approval by the designated Board under the Industries (Development and Regulation) Act, 1951; deduction under section 10B was therefore denied. The alternative claim under section 10A was entertainable where the prescribed audit report was filed during assessment proceedings, since filing with the return was treated as directory and not mandatory; that claim was allowed subject to fulfilment of the substantive conditions. The appeal was thus partly allowed. en-us Tue, 19 Mar 2019 00:00:00 +0530 Mon, 25 Mar 2019 05:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377135 Approval under the Software Technology Park of India scheme did not satisfy the statutory requirement of approval as a hundred per cent export-oriented undertaking for section 10B, because the Act contemplated approval by the designated Board under the Industries (Development and Regulation) Act, 1951; deduction under section 10B was therefore denied. The alternative claim under section 10A was entertainable where the prescribed audit report was filed during assessment proceedings, since filing with the return was treated as directory and not mandatory; that claim was allowed subject to fulfilment of the substantive conditions. The appeal was thus partly allowed. Case-Laws Income Tax Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377135