Deduction u/s 10A allowed based on post facto extension

IBM India Pvt. Ltd Vs JCIT (ITAT Bangalore)

ITAT Bangalore held that deduction under section 10A/ 10B of the Income Tax Act allowable as the assessee has obtained post facto approval from RBI coupled with the fact that it has also realized the said amounts.

Facts-

In the original DAO, AO had denied relief u/s. 10A of the Act amounting to INR 203,19,41,646. The disallowance was upheld by the DRP in its original directions and accordingly,

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