https://www.taxtmi.com/caselaws?id=333682 The court upheld the decisions of the lower authorities, ruling that the assessee was not entitled to the weighted deduction under Section 35B of the Income Tax Act. The court found that the assessee, acting as a subcontractor to an Indian entity, did not directly provide technical knowhow to a foreign entity as required by the legal provisions. Consequently, the court ruled in favor of the Revenue, denying the assessee's claim for the deduction. en-us Thu, 13 Oct 2016 00:00:00 +0530 Tue, 31 Jan 2017 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333682 The court upheld the decisions of the lower authorities, ruling that the assessee was not entitled to the weighted deduction under Section 35B of the Income Tax Act. The court found that the assessee, acting as a subcontractor to an Indian entity, did not directly provide technical knowhow to a foreign entity as required by the legal provisions. Consequently, the court ruled in favor of the Revenue, denying the assessee's claim for the deduction. Case-Laws Income Tax Thu, 13 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333682