2003 (9) TMI 4

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....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 if the only object of the section was ....

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....y 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 referable only to section 80-O, the ass....