Dismissing the petition the court held that instruction of CBDT Dated 9-3-2009 Clarifying that approval granted by Software Technology Parks of India has to be ratified by Board of approvals is valid. The assessee had to get an approval from the competent Board as contemplated for claiming exemption under section 10B of the Act. Even if there was a change of authorities/Board by the Ministry, it was for the assessee to approach the Ministry or the Department concerned for the purpose of the procedures, which were in force for claiming exemption. Writ petition was dismissed . W(AY. 2006-07)
Indus Teqsite Pvt. Ltd. v. Ministry of Finance (2021) 435 ITR 613 / 204 DTR 224 / 322 CTR 100 (Mad.)(HC).
S. 147:Re assessment – Export oriented undertakings-Instruction of CBDT Dated 9-3-2009 Clarifying that approval granted by Software Technology Parks of India has to be ratified by Board of approvals-Instruction valid.-Writ petition was dismissed . [ S. 10B, 148 , Art , 226 ]