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Board Ratification Backdates Development Commissioner's Approval; Entity Gains 100% EOU Status, Eligible for Section 10B Tax Deduction.
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....100% EOU - The moment the decision / approval of the Development Commissioner is ratified by the Board of Approval it will relate back to the date on which the approval was granted by the Development Commissioner. If that be so, it cannot be said that the assessee was not a Export Oriented Unit, which was entitled to the deduction under Section 10B - HC....