https://www.taxtmi.com/caselaws?id=22493 The High Court held that the assessee was not entitled to claim deduction under section 80-O of the Income-tax Act, 1961, as the agreement with the Negeri Sembilan State Development Corporation of Malaysia lacked approval from the Central Board of Direct Taxes (CBDT). The Court emphasized that such approval is a mandatory condition for claiming the deduction, and the Tribunal cannot waive this requirement. Therefore, the High Court denied the deduction and did not address whether it should be based on the gross or net amount. No costs were awarded. en-us Wed, 06 Mar 1991 00:00:00 +0530 Thu, 10 Dec 2009 16:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22493 The High Court held that the assessee was not entitled to claim deduction under section 80-O of the Income-tax Act, 1961, as the agreement with the Negeri Sembilan State Development Corporation of Malaysia lacked approval from the Central Board of Direct Taxes (CBDT). The Court emphasized that such approval is a mandatory condition for claiming the deduction, and the Tribunal cannot waive this requirement. Therefore, the High Court denied the deduction and did not address whether it should be based on the gross or net amount. No costs were awarded. Case-Laws Income Tax Wed, 06 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22493