Section 80MM deduction: Assessing officers must verify services actually rendered conform to board approved agreements before allowing benefits. Income from provision of technical know how or related services under a board approved agreement may qualify for the Section 80MM deduction, but the assessing officer must, at assessment and before allowing the benefit, verify that the activities actually carried out and services actually rendered conform to the terms and the scope of the board approved agreement so that payments outside the statutory purview are not given unintended benefit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 80MM deduction: Assessing officers must verify services actually rendered conform to board approved agreements before allowing benefits.
Income from provision of technical know how or related services under a board approved agreement may qualify for the Section 80MM deduction, but the assessing officer must, at assessment and before allowing the benefit, verify that the activities actually carried out and services actually rendered conform to the terms and the scope of the board approved agreement so that payments outside the statutory purview are not given unintended benefit.
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