https://www.taxtmi.com/caselaws?id=58360 The Appellate Tribunal ITAT BOMBAY-B ruled in favor of the non-resident assessee in a case involving the interpretation of section 44D of the Income-tax Act, 1961. The Tribunal held that the restriction of expenses for a non-resident receiving fees for technical services from an Indian concern should apply only to expenditure incurred after the introduction date of the section, allowing the assessee to claim expenses at 50 percent up to a certain date and reduce it to 20 percent from a specified later date. en-us Thu, 25 Mar 1982 00:00:00 +0530 Sat, 18 Dec 2010 16:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58360 The Appellate Tribunal ITAT BOMBAY-B ruled in favor of the non-resident assessee in a case involving the interpretation of section 44D of the Income-tax Act, 1961. The Tribunal held that the restriction of expenses for a non-resident receiving fees for technical services from an Indian concern should apply only to expenditure incurred after the introduction date of the section, allowing the assessee to claim expenses at 50 percent up to a certain date and reduce it to 20 percent from a specified later date. Case-Laws Income Tax Thu, 25 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58360