https://www.taxtmi.com/caselaws?id=285125 The High Court affirmed the Tribunal's decision that the gross fees received by the non-resident company were its income, limiting deductions under section 44D to 20% of this amount. The dismissal of the assessee's appeal for the assessment year 1979-80 was upheld. However, for the assessment year 1981-82, the High Court reversed the Tribunal's decision to allow only a token deduction of Rs. 1, directing that the assessee should receive the full 20% deduction under section 44D. en-us Fri, 13 Aug 1993 00:00:00 +0530 Fri, 27 Dec 2019 15:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285125 The High Court affirmed the Tribunal's decision that the gross fees received by the non-resident company were its income, limiting deductions under section 44D to 20% of this amount. The dismissal of the assessee's appeal for the assessment year 1979-80 was upheld. However, for the assessment year 1981-82, the High Court reversed the Tribunal's decision to allow only a token deduction of Rs. 1, directing that the assessee should receive the full 20% deduction under section 44D. Case-Laws Income Tax Fri, 13 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285125