https://www.taxtmi.com/caselaws?id=37117 Approval under Section 80MM of the Income-tax Act could not be refused merely because the Indian company had earlier obtained technical consultation and technical know-how from a foreign company. The statutory test concerned whether the agreement satisfied the requirements for rendering technical services and transfer of technical know-how; prior receipt of know-how from abroad was not a disqualifying factor under the provision. As the refusal rested on an irrelevant consideration, it was unsustainable, the refusal was quashed, and the application was directed to be reconsidered in accordance with Section 80MM. en-us Thu, 15 Feb 1979 00:00:00 +0530 Fri, 26 Mar 2010 16:29:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37117 Approval under Section 80MM of the Income-tax Act could not be refused merely because the Indian company had earlier obtained technical consultation and technical know-how from a foreign company. The statutory test concerned whether the agreement satisfied the requirements for rendering technical services and transfer of technical know-how; prior receipt of know-how from abroad was not a disqualifying factor under the provision. As the refusal rested on an irrelevant consideration, it was unsustainable, the refusal was quashed, and the application was directed to be reconsidered in accordance with Section 80MM. Case-Laws Income Tax Thu, 15 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37117