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of <h1>Foreign tour for export promotion not eligible for weighted deduction under Income-tax Act</h1> The High Court of Bombay held that expenditure on a foreign tour for export promotion did not qualify for weighted deduction under section 35B of the ... Development Allowance, Expenditure Incurred, Weighted Deduction The High Court of Bombay held that the expenditure on a foreign tour for promotion of exports did not qualify for weighted deduction under section 35B of the Income-tax Act. The Tribunal's decision was upheld as the conditions for weighted deduction were not met, and the expenditure had already been granted as business expenditure under section 37(1). The judgment favored the Revenue.
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