https://www.taxtmi.com/caselaws?id=23521 An application for approval under section 80-O must be assessed strictly on the requirements of that provision, and refusal cannot be justified by reliance on section 80HHB where that later-enacted provision was inapplicable to the agreement. The Board had applied the wrong statutory test and failed to examine the agreement on the correct section 80-O footing. The refusal orders were therefore quashed and the matter remanded for fresh consideration on merits under section 80-O, with a direction for expeditious disposal. No final approval of the agreement was granted by the Court. en-us Fri, 23 Mar 1990 00:00:00 +0530 Sun, 02 May 2010 23:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23521 An application for approval under section 80-O must be assessed strictly on the requirements of that provision, and refusal cannot be justified by reliance on section 80HHB where that later-enacted provision was inapplicable to the agreement. The Board had applied the wrong statutory test and failed to examine the agreement on the correct section 80-O footing. The refusal orders were therefore quashed and the matter remanded for fresh consideration on merits under section 80-O, with a direction for expeditious disposal. No final approval of the agreement was granted by the Court. Case-Laws Income Tax Fri, 23 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23521