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of <h1>High Court returns unanswered reference on weighted deduction case under Income-tax Act</h1> <h3>Zenith Steel Pipes Limited (No. 2) Versus Commissioner Of Income-Tax</h3> The High Court of Bombay returned an unanswered reference in a case concerning weighted deduction under section 35B(1)(a) of the Income-tax Act, 1961 due ... Export Market Development Allowance, Weighted Deduction The High Court of Bombay considered a case involving weighted deduction under section 35B(1)(a) of the Income-tax Act, 1961. The court was unable to answer the question due to uncertainty regarding the facts surrounding the expenditure on foreign publicity by the Engineering Export Promotion Council. The reference was returned unanswered.
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