https://www.taxtmi.com/caselaws?id=16960 The High Court held that the assessee-firm was not entitled to claim weighted deduction under section 35B of the Income-tax Act for customs duty paid outside India. The Court relied on a Supreme Court decision emphasizing that the nature of the transaction determines eligibility for deduction, and since the goods were supplied by the assessee for display at exhibitions abroad, considered an internal transaction, the deduction was disallowed. The Court ruled in favor of the Revenue and against the assessee, with no costs awarded. en-us Wed, 04 Mar 1998 00:00:00 +0530 Mon, 14 Sep 2009 12:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16960 The High Court held that the assessee-firm was not entitled to claim weighted deduction under section 35B of the Income-tax Act for customs duty paid outside India. The Court relied on a Supreme Court decision emphasizing that the nature of the transaction determines eligibility for deduction, and since the goods were supplied by the assessee for display at exhibitions abroad, considered an internal transaction, the deduction was disallowed. The Court ruled in favor of the Revenue and against the assessee, with no costs awarded. Case-Laws Income Tax Wed, 04 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16960