https://www.taxtmi.com/caselaws?id=18289 The court interpreted section 35B(1)(b)(iv) of the Income-tax Act, 1961 regarding weighted deduction for maintaining an agency for sales promotion outside India. The court ruled in favor of the assessee, allowing the claim for weighted deduction for commission paid to foreign agents for promoting exports. It emphasized that the expenditure must be incurred solely for maintaining an agency abroad for sales promotion, clarifying that having a physical office outside India is not necessary. The court relied on legal principles and precedents to support its decision, ultimately disposing of the reference in favor of the assessee without costs. en-us Thu, 02 Feb 1995 00:00:00 +0530 Wed, 30 Sep 2009 10:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18289 The court interpreted section 35B(1)(b)(iv) of the Income-tax Act, 1961 regarding weighted deduction for maintaining an agency for sales promotion outside India. The court ruled in favor of the assessee, allowing the claim for weighted deduction for commission paid to foreign agents for promoting exports. It emphasized that the expenditure must be incurred solely for maintaining an agency abroad for sales promotion, clarifying that having a physical office outside India is not necessary. The court relied on legal principles and precedents to support its decision, ultimately disposing of the reference in favor of the assessee without costs. Case-Laws Income Tax Thu, 02 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18289