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          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.

          <h1>Tax on income from foreign currency purchased mutual fund units imposes a separate computation and restricted deductions for offshore funds.</h1> Section 115AB prescribes a separate tax computation for an overseas financial organisation: income from units purchased in foreign currency and long term capital gains on their transfer are each taxed at a specified flat rate while the remaining income is taxed after excluding those amounts; deductions are disallowed if gross income consists solely of such income, and where such income is partial the amount is excluded for the purpose of allowing Chapter VI A deductions as if the reduced gross total income were the assessee's gross total income.

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