https://www.taxtmi.com/caselaws?id=64404 The Appellate Tribunal upheld the Commissioner's decision to deny a deduction under section 80-O of the Income-tax Act, 1961 to an Indian company receiving fees from foreign entities. The Tribunal ruled that the foreign enterprises did not meet the criteria to be classified as 'foreign companies' as per statutory definitions. Despite referencing previous decisions and statutory amendments, the Tribunal emphasized adherence to the specific wording of the law, ultimately dismissing the appeal and affirming the denial of the deduction. en-us Wed, 19 Oct 1983 00:00:00 +0530 Mon, 07 Feb 2011 16:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64404 The Appellate Tribunal upheld the Commissioner's decision to deny a deduction under section 80-O of the Income-tax Act, 1961 to an Indian company receiving fees from foreign entities. The Tribunal ruled that the foreign enterprises did not meet the criteria to be classified as 'foreign companies' as per statutory definitions. Despite referencing previous decisions and statutory amendments, the Tribunal emphasized adherence to the specific wording of the law, ultimately dismissing the appeal and affirming the denial of the deduction. Case-Laws Income Tax Wed, 19 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64404