https://www.taxtmi.com/caselaws?id=70252 Expenditure incurred for export promotion can qualify for weighted deduction under section 35B where it falls within the statutory export development categories. ECGC charges connected with exports were treated as part of export market development and as relating to information on the creditworthiness of overseas buyers, so they were considered eligible. Expenditure on entertaining foreigners in India was also treated as incurred to obtain information about foreign markets and as connected with export promotion activities, so it too was considered eligible. The assessee succeeded on both claims, and the Department's appeal was dismissed. en-us Tue, 24 Jul 1984 00:00:00 +0530 Fri, 15 Apr 2011 10:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70252 Expenditure incurred for export promotion can qualify for weighted deduction under section 35B where it falls within the statutory export development categories. ECGC charges connected with exports were treated as part of export market development and as relating to information on the creditworthiness of overseas buyers, so they were considered eligible. Expenditure on entertaining foreigners in India was also treated as incurred to obtain information about foreign markets and as connected with export promotion activities, so it too was considered eligible. The assessee succeeded on both claims, and the Department's appeal was dismissed. Case-Laws Income Tax Tue, 24 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70252