Shanti Prime Publication Pvt. Ltd.
Sec. 80-O of Income-tax Act, 1961— Deduction – The controversy involved on the issue as to ”whether the income received by the appellants in foreign exchange, for the services provided by them to foreign enterprises, qualifies for deduction under s. 80-O of the IT Act, 1961, as applicable during the respective assessment years from 1993-94 to 1997-98“. The issued came to be decided in favour of revenue observing that ”In the absence of any materials to show that what was passed on to the foreign enterprise was the information concerning with commercial or technical or scientific aid, merely because an agreement is entered into between the assessee and the foreign enterprise, the claim of deduction under s. 80-O of the Act cannot be inclined“.
RAMNATH & CO. Vs. CIT
 315 CTR 217 (SC).