https://www.taxtmi.com/caselaws?id=433676 Deduction under section 10B could not be denied merely because the STPI approval was not separately ratified by the Board of Approval where the unit had been approved by the Director, STPI and the record showed the ratification process had been placed before the Board; on those facts, the statutory conditions were treated as satisfied. The deduction was also to be computed at the stage of business income of the eligible undertaking, without first setting off losses of other units or brought forward losses. The Revenue's appeals were rejected and the assessee's relief was sustained. en-us Wed, 11 Jan 2023 00:00:00 +0530 Mon, 06 Feb 2023 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433676 Deduction under section 10B could not be denied merely because the STPI approval was not separately ratified by the Board of Approval where the unit had been approved by the Director, STPI and the record showed the ratification process had been placed before the Board; on those facts, the statutory conditions were treated as satisfied. The deduction was also to be computed at the stage of business income of the eligible undertaking, without first setting off losses of other units or brought forward losses. The Revenue's appeals were rejected and the assessee's relief was sustained. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433676