Approval by Central Government must to claim deduction u/s.10B for 100% EOU

HIGH COURT OF DELHI Commissioner of Income tax Versus Regency Creations Ltd. IT Appeal Nos. 69 of 2008, 783 of 2009 & 1239 of 2011 SEPTEMBER 17, 2012 JUDGMENT S. Ravindra Bhat, J. These appeals have been preferred by the Revenue claiming to be aggrieved by the common orders of the Income Tax Appellate Tribunal (ITAT) in respect of the two assessees, i.e. M/s. Regency Creations Ltd. and Valiant Communications Ltd. The questions of law which arises in all the appeals is common, i.e. “Whether the Tribunal fell into error in holding that the claim of deduction under Sect...