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2015 (2) TMI 668 - HC - Income TaxExemption under section 10B - revenue challenged the tribunal order allowing the claim of exemption ignoring that the assessee does not admittedly have approval as 100 per cent. export oriented undertaking - Held that:- Revenue is right in contending that the learned Tribunal could not have rewritten the law nor could have accepted anything in lieu of what was required by the statute. Therefore, the view taken by the learned Tribunal that the assessee could get the advantage even without the requisite approval is altogether bad, therefore, set aside. - Decided in favour of revenue.
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