Where a DTA is converted into an EOU, the exemption u/s 10B is admissible on getting approval as 100% EOU

RELEVANT PARAGRAPH

5. We have considered the facts of the case and submissions made before us. The facts are that the assessee set up a unit at A-30, Kailash Colony, New Delhi, for which in-principle approval was granted by STPI, Noida, on 26.3.2001, subject to fulfillment of certain conditions. It appears that there were delays in fulfilling the conditions and the registration was finally obtained on 14.1.2003. Since the assessee had set up the unit in financia

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