https://www.taxtmi.com/caselaws?id=62582 The Tribunal allowed the appeal, ruling in favor of the assessee, who met all conditions under section 80-O of the Income-tax Act. The services provided, involving specialized knowledge in the shipping industry, were deemed eligible for deduction. Income received in convertible foreign exchange satisfied the requirements, entitling the assessee to the deduction. The Tribunal overturned the earlier decisions and granted the deduction under section 80-O. en-us Mon, 17 Apr 1995 00:00:00 +0530 Thu, 20 Jan 2011 15:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62582 The Tribunal allowed the appeal, ruling in favor of the assessee, who met all conditions under section 80-O of the Income-tax Act. The services provided, involving specialized knowledge in the shipping industry, were deemed eligible for deduction. Income received in convertible foreign exchange satisfied the requirements, entitling the assessee to the deduction. The Tribunal overturned the earlier decisions and granted the deduction under section 80-O. Case-Laws Income Tax Mon, 17 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62582