https://www.taxtmi.com/caselaws?id=69236 The Tribunal upheld the ITO's decision to allow weighted deduction for the assessee's expenditure, including those in India. It rejected the CIT's claim that Indian expenditure did not qualify for deduction, citing a Bombay High Court ruling. The Tribunal found the ITO had correctly assessed each expenditure item before granting the deduction. Consequently, the Tribunal deemed the CIT unjustified in setting aside the assessment under section 263, leading to the appeal's success for the assessee. en-us Tue, 12 Dec 1978 00:00:00 +0530 Tue, 05 Apr 2011 18:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69236 The Tribunal upheld the ITO's decision to allow weighted deduction for the assessee's expenditure, including those in India. It rejected the CIT's claim that Indian expenditure did not qualify for deduction, citing a Bombay High Court ruling. The Tribunal found the ITO had correctly assessed each expenditure item before granting the deduction. Consequently, the Tribunal deemed the CIT unjustified in setting aside the assessment under section 263, leading to the appeal's success for the assessee. Case-Laws Income Tax Tue, 12 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69236