https://www.taxtmi.com/caselaws?id=14183 Weighted deduction for export-related expenditure was confined to costs directly qualifying under section 35B: the fee paid to the Export Promotion Council qualified because it related to export market development information, but salary for export staff, post-shipment interest, bank charges and commission were treated as India-incurred expenditure and excluded. The note also states that a new ground may be raised in appeal with leave where the necessary facts are already on record; on the facts discussed, the additional ground concerning interest paid to the bank on export bill discounting was permitted to be raised, but the deduction claim itself was rejected on merits. en-us Fri, 20 Oct 2000 00:00:00 +0530 Tue, 14 Jul 2009 12:43:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14183 Weighted deduction for export-related expenditure was confined to costs directly qualifying under section 35B: the fee paid to the Export Promotion Council qualified because it related to export market development information, but salary for export staff, post-shipment interest, bank charges and commission were treated as India-incurred expenditure and excluded. The note also states that a new ground may be raised in appeal with leave where the necessary facts are already on record; on the facts discussed, the additional ground concerning interest paid to the bank on export bill discounting was permitted to be raised, but the deduction claim itself was rejected on merits. Case-Laws Income Tax Fri, 20 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14183