https://www.taxtmi.com/caselaws?id=428443 STPI registration as a 100% export oriented unit satisfied the approval requirement for deduction under section 10B where the other eligibility conditions were not disputed, and the deduction could not be denied merely because approval was granted through the STPI route. The attempted restriction under section 10B(7) read with section 80IA(10) also failed because the record did not show material establishing an arrangement with foreign associated enterprises to earn more than ordinary profits; higher margins or arm's length pricing findings alone were insufficient. On that basis, the deduction was allowed and the revenue's challenge to the addition failed. en-us Tue, 30 Aug 2022 00:00:00 +0530 Fri, 30 Sep 2022 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428443 STPI registration as a 100% export oriented unit satisfied the approval requirement for deduction under section 10B where the other eligibility conditions were not disputed, and the deduction could not be denied merely because approval was granted through the STPI route. The attempted restriction under section 10B(7) read with section 80IA(10) also failed because the record did not show material establishing an arrangement with foreign associated enterprises to earn more than ordinary profits; higher margins or arm's length pricing findings alone were insufficient. On that basis, the deduction was allowed and the revenue's challenge to the addition failed. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428443