https://www.taxtmi.com/caselaws?id=69268 Weighted deduction under section 35B is discussed in relation to a Tokyo branch, with the branch treated as falling within the relevant export-promotion clause and the deduction upheld. The text also explains that advance tax paid before assessment, where it represented instalments already due, must be credited as advance tax before interest is computed under section 139(8). On that footing, interest cannot be charged on a basis that ignores the pre-assessment tax payment. The departmental appeal is described as failing on both issues, with the assessee succeeding on the merits. en-us Thu, 15 Mar 1979 00:00:00 +0530 Wed, 06 Apr 2011 10:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69268 Weighted deduction under section 35B is discussed in relation to a Tokyo branch, with the branch treated as falling within the relevant export-promotion clause and the deduction upheld. The text also explains that advance tax paid before assessment, where it represented instalments already due, must be credited as advance tax before interest is computed under section 139(8). On that footing, interest cannot be charged on a basis that ignores the pre-assessment tax payment. The departmental appeal is described as failing on both issues, with the assessee succeeding on the merits. Case-Laws Income Tax Thu, 15 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69268