S. 10B STPI Commissioner approval should be construed as Board approval

Limtex Infotech Ltd. Vs ITO (ITAT Kolkata) 1. This appeal by the Assessee arises out of the order of the Learned Commissioner of Income Tax(Appeals)-11, Kolkata [in short the ld CIT(A)] in Appeal No. 583/CIT(A)-11/7(4)/Kol/14-15/Kol dated 24.03.2017 against the order passed by the ITO, Ward-7(4), Kolkata [ in short the ld AO] under section 143(3) of the Income Tax Act, 1961 (in short “the Act”) dated 26.03.2013 for the Assessment Year 2010-11. 2. The only effective issue involved in this appeal is as to whether the ld CITA was justified in upholding the disallowance of deduction claimed u/...