https://www.taxtmi.com/caselaws?id=63518 The Appellate Tribunal allowed the appeal in part, directing the Income Tax Officer to calculate the deduction under section 80-O by limiting it to the amount received in convertible foreign exchange. The Tribunal clarified that the deduction should not exceed the gross total income and allowed the deduction of income received in foreign exchange without proportionate expense deduction. This decision upheld the assessee's entitlement to the deduction based on the specific provisions of the Income-tax Act, 1961. en-us Wed, 20 Aug 1986 00:00:00 +0530 Mon, 31 Jan 2011 14:48:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63518 The Appellate Tribunal allowed the appeal in part, directing the Income Tax Officer to calculate the deduction under section 80-O by limiting it to the amount received in convertible foreign exchange. The Tribunal clarified that the deduction should not exceed the gross total income and allowed the deduction of income received in foreign exchange without proportionate expense deduction. This decision upheld the assessee's entitlement to the deduction based on the specific provisions of the Income-tax Act, 1961. Case-Laws Income Tax Wed, 20 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63518