https://www.taxtmi.com/caselaws?id=16036 The court ruled in favor of the assessee in both issues. The disallowance of Rs. 7,65,21,000 on account of additional liability due to the change in rupee-rouble parity ratio was justified as a trading liability. Additionally, the entitlement to weighted deduction under section 35B(1)(b)(viii) for specific expenditures incurred was upheld, as the expenses were deemed to be directly related to services performed outside India in connection with an export contract. en-us Tue, 10 Aug 1999 00:00:00 +0530 Mon, 31 Aug 2009 15:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16036 The court ruled in favor of the assessee in both issues. The disallowance of Rs. 7,65,21,000 on account of additional liability due to the change in rupee-rouble parity ratio was justified as a trading liability. Additionally, the entitlement to weighted deduction under section 35B(1)(b)(viii) for specific expenditures incurred was upheld, as the expenses were deemed to be directly related to services performed outside India in connection with an export contract. Case-Laws Income Tax Tue, 10 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16036