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2015 (11) TMI 749 - AT - Income TaxDisallowance of deduction u/s 10B - whether failure to obtain approval from Board despite fulfilling all the conditions makes the appellant ineligible to claim deduction u/s 10B? - Held that:- Approval by Software Technology Parks of India comes under the Ministry of Communication & Information Technology & is a competent authority to grant approval to such units for claiming benefits u/s 10B as 100% Export Oriented Undertaking and the same is possessed by assessee and also looking to the facts of the case of assessee wherein assessee has been allowed deductions u/s 10B in Asst. Years 2007-08, 2010-11 & 2011-12 consistently, we are of the considered view that the assessee’s claim of deduction under section 10B is justified and accordingly the order of CIT(A) is quashed and the appeal of assessee is allowed. - Decided in favour of assessee.
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