https://www.taxtmi.com/caselaws?id=191520 The High Court ruled in favor of the revenue regarding the entitlement to claim weighted deduction under section 35B of the Income Tax Act for commission payments. However, the Court sided with the assessee on the deduction for expenses incurred on machinery replacement, allowing it as admissible revenue expenditure. Additionally, the Court ruled in favor of the assessee concerning the exclusion of medical benefits and group term insurance for the purpose of section 40A(5) of the Income-tax Act. The reference was disposed of with no order as to costs after thorough analysis of all issues. en-us Wed, 03 Jul 2002 00:00:00 +0530 Thu, 06 Apr 2017 10:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191520 The High Court ruled in favor of the revenue regarding the entitlement to claim weighted deduction under section 35B of the Income Tax Act for commission payments. However, the Court sided with the assessee on the deduction for expenses incurred on machinery replacement, allowing it as admissible revenue expenditure. Additionally, the Court ruled in favor of the assessee concerning the exclusion of medical benefits and group term insurance for the purpose of section 40A(5) of the Income-tax Act. The reference was disposed of with no order as to costs after thorough analysis of all issues. Case-Laws Income Tax Wed, 03 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191520