https://www.taxtmi.com/caselaws?id=12707 The court clarified the interpretation of section 80-O of the Income-tax Act, 1961, allowing deductions for income from foreign enterprises. It emphasized the eligibility of technical assistance and other payments for deduction under the section, based on the nature of services rendered and consideration received. The court ruled in favor of the petitioner, overturning the earlier decision and allowing the writ petition. en-us Thu, 11 Apr 2002 00:00:00 +0530 Thu, 21 May 2009 13:29:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12707 The court clarified the interpretation of section 80-O of the Income-tax Act, 1961, allowing deductions for income from foreign enterprises. It emphasized the eligibility of technical assistance and other payments for deduction under the section, based on the nature of services rendered and consideration received. The court ruled in favor of the petitioner, overturning the earlier decision and allowing the writ petition. Case-Laws Income Tax Thu, 11 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12707