https://www.taxtmi.com/caselaws?id=26008 Deduction under section 80-0 was not available where the agreement was with an Indian company and the contract price was payable by that company, even though the services were intended for a foreign project and payment was received in foreign currency. The court noted that section 80-0 does not require the agreement itself to be with a foreign Government or foreign enterprise; however, the statutory condition is that the relevant patent, know-how, design, invention or services must be made available to a foreign Government or foreign enterprise and the consideration must come from such foreign source. Because no payment was received from a foreign Government or foreign enterprise, the deduction claim failed. en-us Mon, 23 Jun 1986 00:00:00 +0530 Tue, 02 Feb 2010 12:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26008 Deduction under section 80-0 was not available where the agreement was with an Indian company and the contract price was payable by that company, even though the services were intended for a foreign project and payment was received in foreign currency. The court noted that section 80-0 does not require the agreement itself to be with a foreign Government or foreign enterprise; however, the statutory condition is that the relevant patent, know-how, design, invention or services must be made available to a foreign Government or foreign enterprise and the consideration must come from such foreign source. Because no payment was received from a foreign Government or foreign enterprise, the deduction claim failed. Case-Laws Income Tax Mon, 23 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26008