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2014 (4) TMI 79 - HC - Income TaxDeduction u/s 80-O of the Act Foreign receipts - Held that:- The decision in ANAND & ANAND v/s COMMISSIONER OF INCOME-TAX [2005 (11) TMI 55 - DELHI High Court ] followed The amounts received by the applicant represented the remuneration of the work which the company had done for a foreign client in India - The professional services could not be said to have been rendered from or outside India so as to qualify for a deduction under section 80-O of the Act - It would depend upon the nature of the service and not on whether the provider and the recipient of the service are located in two different countries The Tribunal, the First Appellate Authority and the Assessing Authority on examining the matter concurrently held that the assessee is not entitled for deduction u/s 80-O of the Act thus. There is no infirmity in the order thus, the assessee is not entitled for any deduction u/s 80-O of the Act Decided against Assessee.
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