Foreign Tourists Excluded from Tax Deduction on Sales: High Court Ruling

The High Court of Delhi held that sales to foreign tourists within the country were not eligible for weighted deduction under section 35B of the Income-tax Act. The judgment favored the Revenue over the assessees.

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The High Court of Delhi ruled that expenditure on sales to foreign tourists within the country was not eligible for weighted deduction under section 35B of the Income-tax Act. The judgment favored the Revenue and went against the assessees. (1998 (8) TMI 85 - DELHI High Court)

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