2002 (8) TMI 92

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..... derived from the foreign branch at Bangkok without reducing the deduction allowable under section 35B of the Income-tax Act, 1961?". - The Tribunal as also the Commissioner have completely missed the effect of the change in the law brought about by the Finance Act, 1983, which provided that no deduction under section 35B shall be allowed in relation to expenditure incurred on or after March 1, 19 .....

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..... e to the assessee on the income derived from the foreign branch at Bangkok without reducing the deduction allowable under section 35B of the Income-tax Act, 1961?". The assessment year is 1984-85. The assessee is a bank which has a branch at Bangkok, the income from which is eligible for double taxation relief. Its claim that while working out that relief, the deduction allowed to the assessee u .....

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