https://www.taxtmi.com/caselaws?id=471621 Deduction for an approved industrial park under Section 80IA(4)(iii) remained available because the Central Government's Empowered Committee had not withdrawn its original approval and compliance with the approved conditions was established. Rule 18C places approval and compliance examination with the Central Government; CBDT's role after approval is limited to notifying the industrial park. CBDT therefore lacked statutory authority to retrospectively rescind its notification while the underlying approval continued. The undertaking was entitled to the deduction for the relevant assessment years. en-us Tue, 08 Apr 2025 00:00:00 +0530 Thu, 10 Sep 2026 20:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471621 Deduction for an approved industrial park under Section 80IA(4)(iii) remained available because the Central Government's Empowered Committee had not withdrawn its original approval and compliance with the approved conditions was established. Rule 18C places approval and compliance examination with the Central Government; CBDT's role after approval is limited to notifying the industrial park. CBDT therefore lacked statutory authority to retrospectively rescind its notification while the underlying approval continued. The undertaking was entitled to the deduction for the relevant assessment years. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471621