https://www.taxtmi.com/caselaws?id=117491 The appeal filed by the revenue against the deduction allowed to the assessee under section 80-O of the Income Tax Act for the assessment year 1992-93 was partly allowed. The Tribunal directed that only 20% of the assessee's receipt in convertible foreign exchange should be eligible for deduction under section 80-O, contrary to the 100% accepted by the ld. CIT(A). The deduction under section 80-O was to be calculated based on this adjustment. en-us Mon, 13 Jun 2005 00:00:00 +0530 Sat, 23 Jun 2012 10:19:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117491 The appeal filed by the revenue against the deduction allowed to the assessee under section 80-O of the Income Tax Act for the assessment year 1992-93 was partly allowed. The Tribunal directed that only 20% of the assessee's receipt in convertible foreign exchange should be eligible for deduction under section 80-O, contrary to the 100% accepted by the ld. CIT(A). The deduction under section 80-O was to be calculated based on this adjustment. Case-Laws Income Tax Mon, 13 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117491