https://www.taxtmi.com/caselaws?id=376549 Deduction under section 80RR was confined to the net foreign professional income actually derived and included in gross total income, not the gross foreign receipts remitted into India. The expenses incurred in earning the foreign income had to be deducted first to determine the eligible income base, because the deduction scheme distinguishes gross receipts from taxable income. The assessee's claim for deduction on the full foreign remittance was rejected as inconsistent with that scheme, and the Revenue's view that only net income qualified was upheld. en-us Fri, 01 Mar 2019 00:00:00 +0530 Wed, 10 Apr 2019 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376549 Deduction under section 80RR was confined to the net foreign professional income actually derived and included in gross total income, not the gross foreign receipts remitted into India. The expenses incurred in earning the foreign income had to be deducted first to determine the eligible income base, because the deduction scheme distinguishes gross receipts from taxable income. The assessee's claim for deduction on the full foreign remittance was rejected as inconsistent with that scheme, and the Revenue's view that only net income qualified was upheld. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376549