https://www.taxtmi.com/caselaws?id=21008 The High Court of Bombay ruled against the assessee in a case concerning the claim of weighted deduction under section 35B(1)(b)(iii) of the Income-tax Act, 1961 for expenditure on carriage and insurance of goods for export. The court held that the expenses incurred on transporting and insuring goods for export did not qualify for the weighted deduction as per the relevant provisions of the Act. The judgment emphasized interpreting statutory provisions based on their plain natural meaning without straining to provide relief to the assessee. The court decided in favor of the Revenue, denying the claim for weighted deduction, with no costs awarded. en-us Fri, 05 Feb 1993 00:00:00 +0530 Wed, 18 Nov 2009 16:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21008 The High Court of Bombay ruled against the assessee in a case concerning the claim of weighted deduction under section 35B(1)(b)(iii) of the Income-tax Act, 1961 for expenditure on carriage and insurance of goods for export. The court held that the expenses incurred on transporting and insuring goods for export did not qualify for the weighted deduction as per the relevant provisions of the Act. The judgment emphasized interpreting statutory provisions based on their plain natural meaning without straining to provide relief to the assessee. The court decided in favor of the Revenue, denying the claim for weighted deduction, with no costs awarded. Case-Laws Income Tax Fri, 05 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21008