https://www.taxtmi.com/caselaws?id=15143 Weighted deduction under section 35B(1)(b)(ii) was confined to expenditure incurred wholly and exclusively on obtaining information about markets outside India. Commission paid to local agents of foreign buyers was treated as being connected with actual sales and procurement of export orders, not with market information, and was therefore outside the provision. The distinction between procuring orders and obtaining market information was reaffirmed, and the assessee's claim for weighted deduction on such commission was rejected. en-us Wed, 15 Apr 1998 00:00:00 +0530 Mon, 03 Aug 2009 13:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15143 Weighted deduction under section 35B(1)(b)(ii) was confined to expenditure incurred wholly and exclusively on obtaining information about markets outside India. Commission paid to local agents of foreign buyers was treated as being connected with actual sales and procurement of export orders, not with market information, and was therefore outside the provision. The distinction between procuring orders and obtaining market information was reaffirmed, and the assessee's claim for weighted deduction on such commission was rejected. Case-Laws Income Tax Wed, 15 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15143