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2014 (4) TMI 79 - KARNATAKA HIGH COURTDeduction 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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