https://www.taxtmi.com/caselaws?id=16962 The High Court of Punjab and Haryana ruled in favor of the assessee, allowing weighted deduction under section 35B of the Income-tax Act for expenses related to export business, including salary, bonus payments to employees involved in export activities, telex expenses, and stationery expenses. The court upheld the Tribunal's decision, emphasizing the direct correlation of the expenses to export promotion activities as the basis for eligibility for the deductions. Previous case law was referenced to support the decision, clarifying the interpretation of the law in this context. en-us Tue, 05 Aug 1997 00:00:00 +0530 Mon, 14 Sep 2009 12:53:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16962 The High Court of Punjab and Haryana ruled in favor of the assessee, allowing weighted deduction under section 35B of the Income-tax Act for expenses related to export business, including salary, bonus payments to employees involved in export activities, telex expenses, and stationery expenses. The court upheld the Tribunal's decision, emphasizing the direct correlation of the expenses to export promotion activities as the basis for eligibility for the deductions. Previous case law was referenced to support the decision, clarifying the interpretation of the law in this context. Case-Laws Income Tax Tue, 05 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16962