https://www.taxtmi.com/caselaws?id=16470 Retrospective insertion of section 28(iiia) and section 2(24)(va) brought profits on sale of import entitlements within business income for the relevant assessment year, so the amount was assessable as business income. Expenditure limited to transportation of goods within India up to the port did not fall within the scope of weighted deduction under section 35B, so the deduction was unavailable. Both questions were answered against the assessee. en-us Tue, 25 Aug 1998 00:00:00 +0530 Tue, 08 Sep 2009 10:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16470 Retrospective insertion of section 28(iiia) and section 2(24)(va) brought profits on sale of import entitlements within business income for the relevant assessment year, so the amount was assessable as business income. Expenditure limited to transportation of goods within India up to the port did not fall within the scope of weighted deduction under section 35B, so the deduction was unavailable. Both questions were answered against the assessee. Case-Laws Income Tax Tue, 25 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16470