https://www.taxtmi.com/caselaws?id=13106 The court ruled that for the assessment year 1980-81, only the fee paid to the export promotion council is eligible for weighted deduction under section 35B of the Income-tax Act. It held that claims such as salary, interest, bank charges, and commission are not eligible for weighted deduction. The court also allowed the raising of additional grounds before the Tribunal if the necessary facts are on record. Additionally, it decided in favor of the Revenue regarding the benefit of section 35B for interest paid to the bank on export bill discounted. The court ruled that commission paid to dealers should not be included for disallowance under section 37(3A) and clarified the correct computation method under rule 6D of the Income-tax Rules. en-us Thu, 26 Apr 2001 00:00:00 +0530 Tue, 26 May 2009 13:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13106 The court ruled that for the assessment year 1980-81, only the fee paid to the export promotion council is eligible for weighted deduction under section 35B of the Income-tax Act. It held that claims such as salary, interest, bank charges, and commission are not eligible for weighted deduction. The court also allowed the raising of additional grounds before the Tribunal if the necessary facts are on record. Additionally, it decided in favor of the Revenue regarding the benefit of section 35B for interest paid to the bank on export bill discounted. The court ruled that commission paid to dealers should not be included for disallowance under section 37(3A) and clarified the correct computation method under rule 6D of the Income-tax Rules. Case-Laws Income Tax Thu, 26 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13106