https://www.taxtmi.com/caselaws?id=15895 The High Court of Madras ruled on the eligibility of certain payments for weighted deduction under section 35B of the Income-tax Act, 1961. The court found that commission paid to the State Trading Corporation was not pressed by the department, leaving it unanswered. However, the court held that insurance premium paid to the Export Credit Guarantee Corporation qualified for weighted deduction. Additionally, the court determined that commission paid to local agents of foreign buyers, for services related to advertisement and market research outside India, was also eligible for weighted deduction. The judgment provided a detailed analysis supporting these conclusions. en-us Tue, 13 Aug 1996 00:00:00 +0530 Sat, 29 Aug 2009 16:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15895 The High Court of Madras ruled on the eligibility of certain payments for weighted deduction under section 35B of the Income-tax Act, 1961. The court found that commission paid to the State Trading Corporation was not pressed by the department, leaving it unanswered. However, the court held that insurance premium paid to the Export Credit Guarantee Corporation qualified for weighted deduction. Additionally, the court determined that commission paid to local agents of foreign buyers, for services related to advertisement and market research outside India, was also eligible for weighted deduction. The judgment provided a detailed analysis supporting these conclusions. Case-Laws Income Tax Tue, 13 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15895