https://www.taxtmi.com/caselaws?id=13656 The High Court dismissed the appeal, upholding the eligibility of the assessee for weighted deduction under section 35B for specific expenses. The Tribunal directed the Assessing Officer to recompute the deductions. Additionally, the Court allowed the exclusion of income from the assessee's overseas branches in Singapore and Japan from the total income assessable in India for the relevant assessment year, following precedent set by earlier orders. The judgment emphasized that the weighted deduction issue was the main focus, with the overseas income exclusion matter already settled in favor of the assessee. en-us Mon, 02 Jul 2007 00:00:00 +0530 Sat, 30 May 2009 18:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13656 The High Court dismissed the appeal, upholding the eligibility of the assessee for weighted deduction under section 35B for specific expenses. The Tribunal directed the Assessing Officer to recompute the deductions. Additionally, the Court allowed the exclusion of income from the assessee's overseas branches in Singapore and Japan from the total income assessable in India for the relevant assessment year, following precedent set by earlier orders. The judgment emphasized that the weighted deduction issue was the main focus, with the overseas income exclusion matter already settled in favor of the assessee. Case-Laws Income Tax Mon, 02 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13656