https://www.taxtmi.com/caselaws?id=151859 The Tribunal allowed the appeal, holding that the assessee, a music director, was entitled to the deduction under section 80RR for the forfeited income of Rs. 2,67,150 received in convertible foreign exchange as an advance for music shows to be performed abroad. Despite the cancellation of the shows, the income was deemed to be derived during the exercise of the assessee's profession, making it eligible for the deduction under section 80RR. The Tribunal emphasized liberal interpretation of the law and concluded that the assessee met all conditions for the deduction. en-us Mon, 31 Jan 2005 00:00:00 +0530 Tue, 18 Jun 2013 12:39:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151859 The Tribunal allowed the appeal, holding that the assessee, a music director, was entitled to the deduction under section 80RR for the forfeited income of Rs. 2,67,150 received in convertible foreign exchange as an advance for music shows to be performed abroad. Despite the cancellation of the shows, the income was deemed to be derived during the exercise of the assessee's profession, making it eligible for the deduction under section 80RR. The Tribunal emphasized liberal interpretation of the law and concluded that the assessee met all conditions for the deduction. Case-Laws Income Tax Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151859