https://www.taxtmi.com/caselaws?id=23403 The court allowed the petition challenging the order refusing approval of the technical know-how supply agreement under section 80HHB(1)(b) of the Income-tax Act, 1961. It emphasized that the provision applies when an Indian company directly undertakes or works for a foreign project. The court directed the tax authorities to reexamine the case, verify facts, and make a decision based on section 80-O to determine approval eligibility. No costs were awarded to either party. en-us Wed, 04 Apr 1990 00:00:00 +0530 Sat, 19 Dec 2009 10:28:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23403 The court allowed the petition challenging the order refusing approval of the technical know-how supply agreement under section 80HHB(1)(b) of the Income-tax Act, 1961. It emphasized that the provision applies when an Indian company directly undertakes or works for a foreign project. The court directed the tax authorities to reexamine the case, verify facts, and make a decision based on section 80-O to determine approval eligibility. No costs were awarded to either party. Case-Laws Income Tax Wed, 04 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23403