Case Name : J.B. Boda & Co. (P.) Ltd. Vs. ITO
Citation : 41 ITD 36 (BOM.-TRIB.)
Court : ITAT-Bombay
Section : 80-O
Meaning : The expression ‘income by way of royalty, commission….’ Occurring in section 80-o of the income-tax act cannot be interpreted to mean income which is arrived at only after deducting expenses incurred directly to earn such income.