Regarding admissibility of Sec 80MM benefits.

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..... uch technical know-how under an agreement approved by the board in this behalf qualifies for 40 % deduction in computing the total income of the company. Before granting approval u/s.80 MM the board satisfies itself that the activities or services as mentioned in the agreement amount to provision of technical know-how or rendering or services in connection there with. However the boards approval o .....

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