Foreign allowance for services rendered outside India is not taxable in India: ITAT Kolkata

Santanu Sanyal Vs ACIT (ITAT Kolkata) ITAT Kolkata held that foreign allowance received by a non-resident outside India for services rendered outside India does not fall within the scope of total income under section 5(2) of the Income Tax Act. Facts- The appellant filed his return of income declaring taxable income at Rs. 2,55,640/- after claiming a deduction of INR 2,19,372/- under Chapter VI-A of the Act. AO assessed income at INR 1,15,28,610/-. It is contested that AO has erred in adding the value of stock prerequisite amounting to Rs. 1,59,053/- and further AO has erred in disallowing exe...