https://www.taxtmi.com/caselaws?id=17246 The Court upheld the Tribunal's decision allowing weighted deduction under section 35B for various expenses incurred by the assessee, emphasizing a liberal interpretation to encourage exports. The Court held that expenses related to export promotion and development are eligible for deduction under section 35B. Additionally, the Court ruled in favor of the assessee regarding the allowability of expenditure on advertisement in a souvenir, stating that such expenses should be treated as business expenditures if they serve an advertisement purpose, even if published by political parties. en-us Tue, 15 Jul 1997 00:00:00 +0530 Mon, 21 Sep 2009 10:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17246 The Court upheld the Tribunal's decision allowing weighted deduction under section 35B for various expenses incurred by the assessee, emphasizing a liberal interpretation to encourage exports. The Court held that expenses related to export promotion and development are eligible for deduction under section 35B. Additionally, the Court ruled in favor of the assessee regarding the allowability of expenditure on advertisement in a souvenir, stating that such expenses should be treated as business expenditures if they serve an advertisement purpose, even if published by political parties. Case-Laws Income Tax Tue, 15 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17246