https://www.taxtmi.com/caselaws?id=63586 The tribunal upheld the decision of the ld. CIT(A) regarding the calculation of deduction under section 80HHD for a travel agent and tour operator. It was held that amounts payable to hotels for boarding and lodging of foreign tourists should be reduced from both numerator and denominator to accurately calculate the deduction, resulting in a higher deduction amount. The tribunal emphasized the need for consistency in calculation methods to avoid absurd results and concluded that the deduction should be granted only in respect of net receipts in foreign currency. The revenue's appeals were dismissed in favor of the assessee. en-us Wed, 30 Nov 2005 00:00:00 +0530 Mon, 31 Jan 2011 18:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63586 The tribunal upheld the decision of the ld. CIT(A) regarding the calculation of deduction under section 80HHD for a travel agent and tour operator. It was held that amounts payable to hotels for boarding and lodging of foreign tourists should be reduced from both numerator and denominator to accurately calculate the deduction, resulting in a higher deduction amount. The tribunal emphasized the need for consistency in calculation methods to avoid absurd results and concluded that the deduction should be granted only in respect of net receipts in foreign currency. The revenue's appeals were dismissed in favor of the assessee. Case-Laws Income Tax Wed, 30 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63586