https://www.taxtmi.com/caselaws?id=19785 The High Court ruled in favor of the assessee regarding the weighted deduction under section 35B of the Income-tax Act, allowing the claim for prospecting expenses incurred in Bhutan. However, the court sided with the Revenue in disallowing the development rebate under section 33(6) for expenditure on water works at residential colonies. The court made no order as to costs in this case. en-us Tue, 19 Oct 1993 00:00:00 +0530 Mon, 09 Nov 2009 17:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19785 The High Court ruled in favor of the assessee regarding the weighted deduction under section 35B of the Income-tax Act, allowing the claim for prospecting expenses incurred in Bhutan. However, the court sided with the Revenue in disallowing the development rebate under section 33(6) for expenditure on water works at residential colonies. The court made no order as to costs in this case. Case-Laws Income Tax Tue, 19 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19785