https://www.taxtmi.com/caselaws?id=16395 The High Court of Punjab and Haryana denied the claim for weighted deduction on packing credit interest under section 35B of the Income Tax Act, 1961 for the assessment year 1979-80. The court held that the assessee failed to establish that the expenditure was incurred for specified activities conducted outside India, as required by the law. The claim was rejected due to insufficient evidence showing services performed outside India for packing credit interest, emphasizing the need for the expenditure to be related to export trade and not capital or personal expenses. en-us Mon, 18 Aug 1997 00:00:00 +0530 Mon, 07 Sep 2009 15:07:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16395 The High Court of Punjab and Haryana denied the claim for weighted deduction on packing credit interest under section 35B of the Income Tax Act, 1961 for the assessment year 1979-80. The court held that the assessee failed to establish that the expenditure was incurred for specified activities conducted outside India, as required by the law. The claim was rejected due to insufficient evidence showing services performed outside India for packing credit interest, emphasizing the need for the expenditure to be related to export trade and not capital or personal expenses. Case-Laws Income Tax Mon, 18 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16395