https://www.taxtmi.com/caselaws?id=20207 Weighted deduction under section 35B was treated as available only where the assessee owns the relevant industrial undertaking. Applying the earlier binding view on the same point, the Rajasthan HC noted that the assessee had no plant or machinery for manufacturing the goods in question. On those undisputed facts, the claim failed because ownership of the undertaking was a prerequisite to the deduction. The answer to the referred question was therefore against the assessee and in favour of the Revenue. en-us Fri, 29 Apr 1994 00:00:00 +0530 Thu, 12 Nov 2009 13:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20207 Weighted deduction under section 35B was treated as available only where the assessee owns the relevant industrial undertaking. Applying the earlier binding view on the same point, the Rajasthan HC noted that the assessee had no plant or machinery for manufacturing the goods in question. On those undisputed facts, the claim failed because ownership of the undertaking was a prerequisite to the deduction. The answer to the referred question was therefore against the assessee and in favour of the Revenue. Case-Laws Income Tax Fri, 29 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20207