https://www.taxtmi.com/caselaws?id=13675 The High Court held that the assessee was not entitled to the weighted deduction under section 35B of the Income-tax Act, 1961. The court emphasized the necessity for the assessee to own the industrial undertaking to qualify as a small scale exporter. Since the assessee lacked an export house certificate and evidence of ownership of any undertakings, the Tribunal's decision granting the deduction was unsustainable. The court ruled in favor of the Revenue, denying the deduction and highlighting the importance of meeting statutory requirements for claiming deductions under the Act. en-us Mon, 31 Jan 2005 00:00:00 +0530 Sun, 06 Feb 2011 02:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13675 The High Court held that the assessee was not entitled to the weighted deduction under section 35B of the Income-tax Act, 1961. The court emphasized the necessity for the assessee to own the industrial undertaking to qualify as a small scale exporter. Since the assessee lacked an export house certificate and evidence of ownership of any undertakings, the Tribunal's decision granting the deduction was unsustainable. The court ruled in favor of the Revenue, denying the deduction and highlighting the importance of meeting statutory requirements for claiming deductions under the Act. Case-Laws Income Tax Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13675