https://www.taxtmi.com/caselaws?id=18031 The court ruled in favor of the assessee regarding relief under section 35B for the export inspection agency fee and premium to the Export Credit Guarantee Corporation, allowing the deductions. However, the court ruled against the assessee on the issue of the allowability of surtax paid. Additionally, the court sided with the assessee in considering the nature of expenditure for increasing capital as revenue expenditure. Lastly, the court determined that the assessee was not a company in which the public are substantially interested. en-us Fri, 12 Jan 1996 00:00:00 +0530 Sat, 26 Sep 2009 12:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18031 The court ruled in favor of the assessee regarding relief under section 35B for the export inspection agency fee and premium to the Export Credit Guarantee Corporation, allowing the deductions. However, the court ruled against the assessee on the issue of the allowability of surtax paid. Additionally, the court sided with the assessee in considering the nature of expenditure for increasing capital as revenue expenditure. Lastly, the court determined that the assessee was not a company in which the public are substantially interested. Case-Laws Income Tax Fri, 12 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18031