https://www.taxtmi.com/caselaws?id=12697 Weighted deduction under section 35B(1)(b)(viii) was confined to expenditure incurred wholly and exclusively on services performed outside India in connection with a qualifying contract. On the facts stated, bank interest on packing credit was not shown to be referable to such services or to execution of any contract outside India, so the deduction was denied. The claim for leave with wages was treated as allowable because an earlier binding decision of the same High Court had accepted it, and the contention that it was a contingent liability was rejected. The matter thus reflected a mixed outcome, with one issue accepted and the other rejected. en-us Mon, 29 Apr 2002 00:00:00 +0530 Thu, 21 May 2009 12:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12697 Weighted deduction under section 35B(1)(b)(viii) was confined to expenditure incurred wholly and exclusively on services performed outside India in connection with a qualifying contract. On the facts stated, bank interest on packing credit was not shown to be referable to such services or to execution of any contract outside India, so the deduction was denied. The claim for leave with wages was treated as allowable because an earlier binding decision of the same High Court had accepted it, and the contention that it was a contingent liability was rejected. The matter thus reflected a mixed outcome, with one issue accepted and the other rejected. Case-Laws Income Tax Mon, 29 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12697