Weighted deduction for export market development depends on expenses being incurred wholly and exclusively within specified eligible items. Entitlement to a weighted deduction for export market development depends on whether the expenditure falls wholly and exclusively within items enumerated in clause (b) of subsection (1); actual exports or profits are irrelevant. Composite expenditures must be bifurcated so only qualifying portions receive the deduction. Where an expense could fall under both a restrictive sub-clause and a broader sub-clause, the broader sub-clause will generally apply, subject to facts. Agent commissions qualify only if they relate to specified services and are not disguised remissions or trade discounts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Weighted deduction for export market development depends on expenses being incurred wholly and exclusively within specified eligible items.
Entitlement to a weighted deduction for export market development depends on whether the expenditure falls wholly and exclusively within items enumerated in clause (b) of subsection (1); actual exports or profits are irrelevant. Composite expenditures must be bifurcated so only qualifying portions receive the deduction. Where an expense could fall under both a restrictive sub-clause and a broader sub-clause, the broader sub-clause will generally apply, subject to facts. Agent commissions qualify only if they relate to specified services and are not disguised remissions or trade discounts.
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