Approval of agreements for the purposes of section 80MM of the Income-tax Act, 1961-Guidelines regarding

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..... of Board's Circular No. 140 dt. 6th July, 1974* See [1974] 95 ITR (St.) 144. The guidelines contained in sub-para. (vii) of para. 1 have since been modified and the revised guidelines contained in this paragraph are as follows:- (vii)(a) where the agreement is for provision of a technical know how which is likely to assist in the manufacture of goods or the processing of materials or in the inst .....

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..... fy for approval under sec. 80MM only if the objectives for which the report was prepared had matured so far as it relates to qualifying items under section 80MM in the project reports. (Sd.) Joginder Pall Officer on Special Duty (CBDT) - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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