https://www.taxtmi.com/caselaws?id=58049 The Tribunal held that the deduction under section 80-O should be based on the income computed according to the provisions of the Act, considering expenses directly related to earning that income. The appellant's argument that the deduction should be solely based on income received in convertible foreign exchange was rejected. The Tribunal emphasized adherence to the provisions of section 80AB, limiting the deduction to income derived after deducting corporate expenses. This decision underscores the importance of consistency in conclusions and following stare decisis in interpreting tax provisions. en-us Mon, 26 Feb 1996 00:00:00 +0530 Fri, 17 Dec 2010 11:00:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58049 The Tribunal held that the deduction under section 80-O should be based on the income computed according to the provisions of the Act, considering expenses directly related to earning that income. The appellant's argument that the deduction should be solely based on income received in convertible foreign exchange was rejected. The Tribunal emphasized adherence to the provisions of section 80AB, limiting the deduction to income derived after deducting corporate expenses. This decision underscores the importance of consistency in conclusions and following stare decisis in interpreting tax provisions. Case-Laws Income Tax Mon, 26 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58049