Kerala High Court: Commission payments not eligible for weighted deduction under sec 35B(1)(b).

The High Court of Kerala ruled against the assessee regarding commission payments to Indian agents on foreign sales for weighted deduction under section 35B(1)(b). Each party will bear their own costs. The judgment will be sent to the Income-tax Appellate Tribunal, Cochin Bench.

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The High Court of Kerala ruled against the assessee regarding commission payments to Indian agents on foreign sales for weighted deduction under section 35B(1)(b). The decision was based on a previous case. Each party will bear their own costs. The judgment will be sent to the Income-tax Appellate Tribunal, Cochin Bench.

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