https://www.taxtmi.com/caselaws?id=15933 The High Court of Madras ruled in a case concerning Meenakshi and Co. for the assessment year 1977-78. The court found that the authorities had not properly analyzed the claim for weighted deduction under section 35B of the Income-tax Act. While disentitling the assessee to the deduction, the court directed the Tribunal to reassess the claim in line with Supreme Court decisions. The court emphasized the need for a specific analysis of each case and alignment with the Act's criteria. The outcome favored the Revenue, instructing a reevaluation without awarding costs. en-us Thu, 05 Mar 1998 00:00:00 +0530 Mon, 31 Aug 2009 10:50:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15933 The High Court of Madras ruled in a case concerning Meenakshi and Co. for the assessment year 1977-78. The court found that the authorities had not properly analyzed the claim for weighted deduction under section 35B of the Income-tax Act. While disentitling the assessee to the deduction, the court directed the Tribunal to reassess the claim in line with Supreme Court decisions. The court emphasized the need for a specific analysis of each case and alignment with the Act's criteria. The outcome favored the Revenue, instructing a reevaluation without awarding costs. Case-Laws Income Tax Thu, 05 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15933