https://www.taxtmi.com/caselaws?id=35808 Section 80-0 was construed as a relief provision requiring governmental approval of a foreign technical collaboration agreement, but not expressly requiring that approval to be granted before 1 October of the assessment year. Because the assessee applied within time and could not control administrative delay, the timing requirement was treated as directory rather than mandatory. The later approval, made effective for the relevant assessment year, was therefore held to satisfy the statutory condition and preserve the deduction. The ruling treats the subsequent amendment as clarificatory of the original legislative intent. en-us Tue, 07 Jul 1981 00:00:00 +0530 Tue, 16 Mar 2010 17:37:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35808 Section 80-0 was construed as a relief provision requiring governmental approval of a foreign technical collaboration agreement, but not expressly requiring that approval to be granted before 1 October of the assessment year. Because the assessee applied within time and could not control administrative delay, the timing requirement was treated as directory rather than mandatory. The later approval, made effective for the relevant assessment year, was therefore held to satisfy the statutory condition and preserve the deduction. The ruling treats the subsequent amendment as clarificatory of the original legislative intent. Case-Laws Income Tax Tue, 07 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35808