https://www.taxtmi.com/caselaws?id=18859 The court confirmed that surtax payable and interest on belated payment of surtax are not allowable deductions based on the judgment in Sundaram Industries Ltd. The issue of weighted deduction under section 35B for inspection agency fees was remitted back to the Tribunal for further examination, emphasizing the necessity for technical information for export promotion. However, the court concluded that interest on export packing credit does not qualify for weighted deduction under section 35B. The case was disposed of accordingly, with no order as to costs. en-us Wed, 29 Mar 1995 00:00:00 +0530 Mon, 02 Nov 2009 13:43:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18859 The court confirmed that surtax payable and interest on belated payment of surtax are not allowable deductions based on the judgment in Sundaram Industries Ltd. The issue of weighted deduction under section 35B for inspection agency fees was remitted back to the Tribunal for further examination, emphasizing the necessity for technical information for export promotion. However, the court concluded that interest on export packing credit does not qualify for weighted deduction under section 35B. The case was disposed of accordingly, with no order as to costs. Case-Laws Income Tax Wed, 29 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18859