https://www.taxtmi.com/caselaws?id=16035 The High Court upheld the Tribunal's decision, denying the assessee's claim for weighted deduction under section 35B of the Income-tax Act for expenditure items including railway freight, air freight, insurance, exchange fluctuation, interest, and rent and lighting. The court ruled that the expenditure did not qualify for deduction as it was not related to export marketing and did not meet the criteria specified in the Act. The assessee failed to demonstrate that the expenses were eligible for weighted deduction, leading to the rejection of the claim for all mentioned items. en-us Tue, 04 Mar 1997 00:00:00 +0530 Mon, 31 Aug 2009 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16035 The High Court upheld the Tribunal's decision, denying the assessee's claim for weighted deduction under section 35B of the Income-tax Act for expenditure items including railway freight, air freight, insurance, exchange fluctuation, interest, and rent and lighting. The court ruled that the expenditure did not qualify for deduction as it was not related to export marketing and did not meet the criteria specified in the Act. The assessee failed to demonstrate that the expenses were eligible for weighted deduction, leading to the rejection of the claim for all mentioned items. Case-Laws Income Tax Tue, 04 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16035