https://www.taxtmi.com/caselaws?id=13851 The High Court held that the assessee's claim for weighted deduction under section 35B(1)(b)(iii) of the Income-tax Act, 1961 for laboratory expenses incurred in India was not allowable. The court ruled that expenses for analysis of goods exported within the country did not qualify for the deduction under the specified provision. Emphasizing the need for expenditure outside India to be considered for the benefit, the court concluded in favor of the Revenue, stating that the Tribunal erred in granting the deduction for expenses incurred domestically. The judgment clarified the criteria for claiming the deduction and highlighted the distinction between expenses incurred domestically and abroad for eligibility. en-us Sat, 24 Jul 1999 00:00:00 +0530 Fri, 03 Jul 2009 12:45:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13851 The High Court held that the assessee's claim for weighted deduction under section 35B(1)(b)(iii) of the Income-tax Act, 1961 for laboratory expenses incurred in India was not allowable. The court ruled that expenses for analysis of goods exported within the country did not qualify for the deduction under the specified provision. Emphasizing the need for expenditure outside India to be considered for the benefit, the court concluded in favor of the Revenue, stating that the Tribunal erred in granting the deduction for expenses incurred domestically. The judgment clarified the criteria for claiming the deduction and highlighted the distinction between expenses incurred domestically and abroad for eligibility. Case-Laws Income Tax Sat, 24 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13851