2003 (9) TMI 4

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....tion 80HHB(5) of the Income-tax Act, 1961. The sub-section provides that if any deduction is permitted under the provisions of section 80HHB(1) from any consideration receivable by the assessee within the description in that sub-section, the same income would not qualify for deduction under any other provision of the Act. Learned counsel appearing on behalf of the appellants fairly conceded that i....

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....not be available for deduction under any other provision in respect of such unrelatable income. This court construed the provisions of section 80HHB and section 80-O and came to the conclusion that there could be different forms of foreign contracts the consideration whereunder was available for deduction either under section 80-O or section 80HHB. The court held that where the relief was clearly ....