https://www.taxtmi.com/caselaws?id=59522 The Tribunal partially allowed the Revenue's appeal, directing re-examination on various issues and restoring some of the Assessing Officer's disallowances. The decision highlighted the necessity of thorough factual analysis and compliance with statutory criteria for claiming deductions under section 80-O. Key points included the denial of deduction under section 80-O for services not qualifying as technical or professional, the need to verify receipts from foreign enterprises in convertible foreign exchange, and the re-evaluation of expenses directly linked to section 80-O receipts. en-us Fri, 06 Aug 2004 00:00:00 +0530 Wed, 25 Jan 2017 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59522 The Tribunal partially allowed the Revenue's appeal, directing re-examination on various issues and restoring some of the Assessing Officer's disallowances. The decision highlighted the necessity of thorough factual analysis and compliance with statutory criteria for claiming deductions under section 80-O. Key points included the denial of deduction under section 80-O for services not qualifying as technical or professional, the need to verify receipts from foreign enterprises in convertible foreign exchange, and the re-evaluation of expenses directly linked to section 80-O receipts. Case-Laws Income Tax Fri, 06 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59522