1988 (4) TMI 6

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.... and engineering services for installation of pumping plants, etc., together with preparation of designs and furnishing of technical know-how connected with it. The petitioner renders technical and engineering services. Several contracts of the petitioner for such technical and engineering services have, in the past, been approved by respondent No. 1, that is to say, the Central Board of Direct Ta....

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....side India by the assessee under an agreement approved by the Board in this behalf, and if the assessee complies with the other condition of that section, the assessee is entitled to certain deductions as set out in that section. An application for approval under section 80-0 has to be made before the 1st day of October of the assessment year in relation to which the approval is first sought. Acco....

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....nt of May 14, 1981, is for the assessment year 1982-83. The application for approval, therefore, cannot be covered by section 80HHB. Mr. Jetley, learned counsel for the respondents, has submitted that the agreement of May 14, 1981, cannot be considered as an agreement for technical services and hence it is not covered by section 80-0. The respondents, however, have not denied any of the averments....