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2014 (2) TMI 742 - AT - Income TaxExemption claimed u/s 10B of the Act – Held that:- The decision in CIT vs. Valiant Communications [2012 (11) TMI 382 - ITAT DELHI] followed - the undertaking which has not been approved as a 100% EOU, by the Board appointed by the Government, as required under section 10B, the assessee will not be entitled to deduction under section 10B - Deduction for export of software is available under section 10A, 10B and 80HHE - If the assessee is not entitled to deduction under one section, his claim for deduction under another section of the Act should be considered - the claim of the assessee for deduction under section 10A requires to be examined in accordance with law – thus, the matter remitted back to the AO for fresh adjudication – Decided in favour of Assessee.
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