https://www.taxtmi.com/caselaws?id=38165 The High Court affirmed the Tribunal's decision in favor of the assessee, allowing the full claim of directors' remuneration and the deduction for contribution to a provident fund in East Pakistan under an irrevocable trust for computing foreign income. The Court emphasized the need to deduct expenses allowable for earning foreign income, interpreting sections 36(1)(iv) and 37(1) of the Income-tax Act, 1961 to support its decision. en-us Wed, 23 Nov 1977 00:00:00 +0530 Sat, 03 Apr 2010 14:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38165 The High Court affirmed the Tribunal's decision in favor of the assessee, allowing the full claim of directors' remuneration and the deduction for contribution to a provident fund in East Pakistan under an irrevocable trust for computing foreign income. The Court emphasized the need to deduct expenses allowable for earning foreign income, interpreting sections 36(1)(iv) and 37(1) of the Income-tax Act, 1961 to support its decision. Case-Laws Income Tax Wed, 23 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38165