No Section 80O deduction for income received from foreign enterprise for rendering services in India
Case Law Details
Case Name : Ramnath & Co. Vs CIT (Supreme Court)
Related Assessment Year : 1993-94 to 1997-98
Courts :
Supreme Court of India
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Ramnath & Co. Vs CIT (Supreme Court)
Conclusion: Service charges received by assessees from the foreign enterprises did not qualify for deduction in view of clause (iii) of the Explanation to Section 80O as the services rendered by respective assessees were the ‘services rendered in India’ and not the ‘services rendered from India’ and merely having a contract with a foreign enterprise and mere earning foreign exchange did not ipso facto lead to the application of s. 80O of the Act.
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