Receipt of foreign income in India required; commissioner may allow delayed receipt for recorded reasons. Amendment restricts section 80-O to income received in India (removing references to income received outside India or dealings in foreign exchange), adds a proviso requiring receipt in India within six months of the end of the previous year unless the Commissioner, for reasons recorded in writing, allows a further period, and redefines 'foreign enterprise' in the Explanation as a person who is a non-resident.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Receipt of foreign income in India required; commissioner may allow delayed receipt for recorded reasons.
Amendment restricts section 80-O to income received in India (removing references to income received outside India or dealings in foreign exchange), adds a proviso requiring receipt in India within six months of the end of the previous year unless the Commissioner, for reasons recorded in writing, allows a further period, and redefines "foreign enterprise" in the Explanation as a person who is a non-resident.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
