https://www.taxtmi.com/caselaws?id=29652 The court quashed the impugned order and directed approval for the agreement with the Nepal company. The case concerning the agreement with the Singapore company was remanded for further consideration. The court determined that the services provided by the petitioner-company were technical in nature, distinct from managerial services, and eligible for deductions under Section 80-O of the Income Tax Act, 1961. The petitioner's claim for approval under the provision related to providing industrial, commercial, or scientific knowledge was dismissed due to lack of evidence in the agreement. Each party was responsible for their own costs. en-us Fri, 29 May 1981 00:00:00 +0530 Mon, 15 Mar 2010 13:27:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29652 The court quashed the impugned order and directed approval for the agreement with the Nepal company. The case concerning the agreement with the Singapore company was remanded for further consideration. The court determined that the services provided by the petitioner-company were technical in nature, distinct from managerial services, and eligible for deductions under Section 80-O of the Income Tax Act, 1961. The petitioner's claim for approval under the provision related to providing industrial, commercial, or scientific knowledge was dismissed due to lack of evidence in the agreement. Each party was responsible for their own costs. Case-Laws Income Tax Fri, 29 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29652