Case Law Details
Case Name : Voltas International Ltd. Vs The ACIT (ITAT Mumbai)
Related Assessment Year : 1996-97
Courts :
All ITAT ITAT Mumbai
Sponsored
The AO as well as the CIT(A) were wrong in coming to a conclusion that the assessee is not entitled to deduction u/s 80-O on the ground that it has only deputed certain personnel for working in the foreign enterprises. Even a promise to render services at a future date would entitle the assessee for deduction u/s 80-O in view of the specific wordings in the section.
When the assessee is not a dealer in foreign exchange and when the transaction is purely incidental to the assessee’s regular course of busine
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.