https://www.taxtmi.com/caselaws?id=20999 The court ruled in favor of the Revenue regarding the entitlement to weighted deduction under section 35B for freight and insurance expenses for the assessment year 1975-76, citing a previous decision. The court also upheld the decision to deny the deduction of surtax liability in computing income for the relevant accounting period, referencing another case. The assessee's claim for weighted deduction for head office expenses related to exports was partially allowed based on a formula accepted by the Department, with the court affirming the Tribunal's decision and finding no reason to interfere. Costs were not awarded to either party. en-us Tue, 06 Jun 1989 00:00:00 +0530 Wed, 18 Nov 2009 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20999 The court ruled in favor of the Revenue regarding the entitlement to weighted deduction under section 35B for freight and insurance expenses for the assessment year 1975-76, citing a previous decision. The court also upheld the decision to deny the deduction of surtax liability in computing income for the relevant accounting period, referencing another case. The assessee's claim for weighted deduction for head office expenses related to exports was partially allowed based on a formula accepted by the Department, with the court affirming the Tribunal's decision and finding no reason to interfere. Costs were not awarded to either party. Case-Laws Income Tax Tue, 06 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20999