Approval authority for section 80MM vested in central tax board; relief denied where other ministries granted approvals.

The statutory authority to approve agreements for claiming deductions under section 80MM vested exclusively in the Central Board of Direct Taxes with effect from 1 April 1972, and approvals granted by any other Ministry after that date are invalid; income-tax officers are instructed not to allow relief under section 80MM where approval was granted by any authority other than the Central Board after that cutoff.

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