Examination of an agreement for purpose of Sec.80-O.

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....on 80HHB to a particular agreement before approving the same under section 80-O. It was further stated therein that if any part of the consideration under the agreement falls within the ambit of section 80HHB, it cannot be considered for the purpose of section 80-O. 2. The Bombay High Court, in a recent judgment delivered on 17.9.1990 in the writ petition NO. 14 of 1988 filed by M/s Stup Consul....

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....he existing instructions contained in paragraph 3(xix) of the Board's Instruction No. 1813 dated 27.3.1989 may be treated as withdrawn. The following sub-paragraph may be substituted for the existing one; "(xix) While examining an agreement for the purposes of section 80-O, the CCIT/DGIT should consider the agreement in question purely from the point of view of section 80-O and administration and ....