https://www.taxtmi.com/caselaws?id=61939 Foreign arbitration awards are treated as creating an accrued and binding liability when made, with filing and decree procedures under the Foreign Awards (Recognition and Enforcement) Act, 1961 concerning enforcement rather than the timing of liability for income-tax deduction. The discussion also addresses weighted deduction under section 35B for qualifying salary and stationery expenditure, and commission connected with export business. It distinguishes export-related commission from a mere trade discount and treats the relevant expenditure as qualifying for section 35B relief. en-us Tue, 20 May 1986 00:00:00 +0530 Mon, 17 Jan 2011 11:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61939 Foreign arbitration awards are treated as creating an accrued and binding liability when made, with filing and decree procedures under the Foreign Awards (Recognition and Enforcement) Act, 1961 concerning enforcement rather than the timing of liability for income-tax deduction. The discussion also addresses weighted deduction under section 35B for qualifying salary and stationery expenditure, and commission connected with export business. It distinguishes export-related commission from a mere trade discount and treats the relevant expenditure as qualifying for section 35B relief. Case-Laws Income Tax Tue, 20 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61939