1979 (2) TMI 29

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....E C.J.--The agreements, both dated 22nd May, 1972, between the petitioner, which is an Indian company, and Godrej Soaps Private Ltd., being another Indian company, were sent for approval by the petitioner to respondent No. 1 under s. 80MM of the I.T. Act. The approval was refused on the ground that the technical know-how passed on by the petitioner to Godrej as also technical services rendered by ....