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2018 (7) TMI 1915 - AT - Income TaxDeduction u/S 10B denial - approval for the undertaking is not granted by the Board - development Commissioner granted the approval of 100% EOU - ex-parte order of CIT-A - HELD THAT:- As decided in assessee's own case [2018 (1) TMI 386 - ITAT AHMEDABAD]assessee has been duly granted approval by STPI. We find that the said approval of the STPI was ratified by the Board vide letter dated 13.08.2007. Identical issue was considered bin the case of PCIT vs. ECI Technologies Pvt. Ltd. [2015 (5) TMI 230 - GUJARAT HIGH COURT] as held it is found that at the relevant time the Development Commissioner granted the approval of 100% EOU in favour of the assessee-Company, which came to be subsequently ratified by the Board of Approval and as observed hereinabove as such the ratification shall be from the date on which the Development Commissioner granted the approval, both the learned CIT(A) as well as the learned Tribunal have rightly held that the assessee was entitled to deduction under Section10B of the Act as claimed - Decided in favour of assessee.
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