https://www.taxtmi.com/caselaws?id=16007 The court ruled in favor of the Tribunal's decision regarding the taxation of remuneration paid to foreign directors and employees, stating that the exemption is limited to the amount actually exempted under the Income-tax Act. Additionally, the court denied the assessee's claim for full exemption under sections 40A(5) and 40(c). Regarding the deduction claim under section 35B for certification charges and warranty claims, the court held that the expenses did not qualify for weighted deduction as they did not align with the amended provisions of the Act. Consequently, the court rejected the assessee's claim for deduction under section 35B. en-us Thu, 26 Mar 1998 00:00:00 +0530 Mon, 31 Aug 2009 14:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16007 The court ruled in favor of the Tribunal's decision regarding the taxation of remuneration paid to foreign directors and employees, stating that the exemption is limited to the amount actually exempted under the Income-tax Act. Additionally, the court denied the assessee's claim for full exemption under sections 40A(5) and 40(c). Regarding the deduction claim under section 35B for certification charges and warranty claims, the court held that the expenses did not qualify for weighted deduction as they did not align with the amended provisions of the Act. Consequently, the court rejected the assessee's claim for deduction under section 35B. Case-Laws Income Tax Thu, 26 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16007