https://www.taxtmi.com/caselaws?id=71003 The Tribunal ruled in favor of the assessee-company in a taxation case for assessment years 1978-79 and 1979-80. It held that income deemed to have arisen in India under section 9(1)(vii) was not applicable as contracts with a foreign company were approved by the Central Government before 1-4-1976. The Tribunal directed the deletion of income for 1978-79 and two contracts for 1979-80, while ordering verification of the approval date for the remaining contract of 1979-80 executed after 1-4-1976. The outcome favored the assessee based on the interpretation of relevant provisions. en-us Mon, 19 Apr 1999 00:00:00 +0530 Wed, 20 Apr 2011 17:02:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71003 The Tribunal ruled in favor of the assessee-company in a taxation case for assessment years 1978-79 and 1979-80. It held that income deemed to have arisen in India under section 9(1)(vii) was not applicable as contracts with a foreign company were approved by the Central Government before 1-4-1976. The Tribunal directed the deletion of income for 1978-79 and two contracts for 1979-80, while ordering verification of the approval date for the remaining contract of 1979-80 executed after 1-4-1976. The outcome favored the assessee based on the interpretation of relevant provisions. Case-Laws Income Tax Mon, 19 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71003