https://www.taxtmi.com/caselaws?id=22038 The court held that the Central Board of Direct Taxes' (CBDT) refusal to approve the petitioner's agreement under Section 80-O of the Income-tax Act, 1961, based on Section 80HHB, was beyond its jurisdiction. The order was quashed as influenced by extraneous factors, directing the Board to reconsider solely based on Section 80-O conditions, leaving Section 80HHB applicability to the Assessing Officer. The court ruled in favor of the petitioner, making the rule absolute with no costs awarded. en-us Wed, 19 Sep 1990 00:00:00 +0530 Sat, 05 Dec 2009 16:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22038 The court held that the Central Board of Direct Taxes' (CBDT) refusal to approve the petitioner's agreement under Section 80-O of the Income-tax Act, 1961, based on Section 80HHB, was beyond its jurisdiction. The order was quashed as influenced by extraneous factors, directing the Board to reconsider solely based on Section 80-O conditions, leaving Section 80HHB applicability to the Assessing Officer. The court ruled in favor of the petitioner, making the rule absolute with no costs awarded. Case-Laws Income Tax Wed, 19 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22038