https://www.taxtmi.com/caselaws?id=4698 The Court upheld the Tribunal's decision, ruling that the assessee was not entitled to weighted deductions under Section 35B for the assessment years 1978-79, 1979-80, and 1980-81. The Court found that the assessee, which acted as an intermediary in procuring export orders but did not directly export goods, did not meet the criteria for claiming deductions under Section 35B. The Tribunal's decision in favor of the revenue and against the assessee was affirmed based on the interpretation of the relevant provisions. en-us Wed, 09 Jul 2008 00:00:00 +0530 Sat, 26 Jul 2008 05:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4698 The Court upheld the Tribunal's decision, ruling that the assessee was not entitled to weighted deductions under Section 35B for the assessment years 1978-79, 1979-80, and 1980-81. The Court found that the assessee, which acted as an intermediary in procuring export orders but did not directly export goods, did not meet the criteria for claiming deductions under Section 35B. The Tribunal's decision in favor of the revenue and against the assessee was affirmed based on the interpretation of the relevant provisions. Case-Laws Income Tax Wed, 09 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4698