https://www.taxtmi.com/caselaws?id=20072 The High Court upheld the Tribunal's decision, ruling in favor of the assessee regarding the deduction eligibility under section 80-O of the Income-tax Act. The Court emphasized that once the Central Board of Direct Taxes approved the consultancy agreement, the assessee was entitled to the deduction, and the Income-tax authorities could not challenge the approval's validity. The Court held that the approval covered the relevant assessment year, and services rendered before the agreement date should be considered. The judgment favored the assessee for the assessment year 1979-80, with no costs awarded. en-us Wed, 27 Oct 1993 00:00:00 +0530 Wed, 11 Nov 2009 15:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20072 The High Court upheld the Tribunal's decision, ruling in favor of the assessee regarding the deduction eligibility under section 80-O of the Income-tax Act. The Court emphasized that once the Central Board of Direct Taxes approved the consultancy agreement, the assessee was entitled to the deduction, and the Income-tax authorities could not challenge the approval's validity. The Court held that the approval covered the relevant assessment year, and services rendered before the agreement date should be considered. The judgment favored the assessee for the assessment year 1979-80, with no costs awarded. Case-Laws Income Tax Wed, 27 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20072