1992 (1) TMI 5 - SUPREME COURT

Section 80O - deduction - royalty received in Foreign Exchange - we hold that the assessee was entitled to the relief under section 80-O - approval granted by the Board under that section was right and proper - for the assessment year 1983-84, the assessee does not qualify for deduction on the terms of that section as the contract receipts are fully covered by the provisions of section 80HHB