https://www.taxtmi.com/caselaws?id=326478 The court disposed of the writ petition by reading down Section 44D(b) to permit foreign companies to claim deductions under applicable provisions of the Act, upon establishing their entitlement. This decision aligns with the principles laid down in A. Sanyasi Rao and ensures that the machinery of presumptive tax does not result in unreasonable denial of deductions. The court emphasized that the burden of proof would be on the foreign company to establish the permissibility of the deductions claimed. en-us Mon, 28 Mar 2016 00:00:00 +0530 Fri, 15 Apr 2016 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326478 The court disposed of the writ petition by reading down Section 44D(b) to permit foreign companies to claim deductions under applicable provisions of the Act, upon establishing their entitlement. This decision aligns with the principles laid down in A. Sanyasi Rao and ensures that the machinery of presumptive tax does not result in unreasonable denial of deductions. The court emphasized that the burden of proof would be on the foreign company to establish the permissibility of the deductions claimed. Case-Laws Income Tax Mon, 28 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326478