https://www.taxtmi.com/caselaws?id=21606 The High Court ruled in favor of the cashew company, allowing the deduction for expenses on salary and staff engaged in export sales under section 35B. The court held that the company was entitled to the deduction irrespective of where the expenses were incurred, referencing a specific circular supporting this interpretation. However, the court found the 75% deduction estimate for salary and allowances to be arbitrary and lacking a proper basis. The Tribunal was directed to reassess and determine the appropriate quantum of deduction based on all relevant factors. en-us Tue, 03 Sep 1991 00:00:00 +0530 Wed, 25 Nov 2009 17:24:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21606 The High Court ruled in favor of the cashew company, allowing the deduction for expenses on salary and staff engaged in export sales under section 35B. The court held that the company was entitled to the deduction irrespective of where the expenses were incurred, referencing a specific circular supporting this interpretation. However, the court found the 75% deduction estimate for salary and allowances to be arbitrary and lacking a proper basis. The Tribunal was directed to reassess and determine the appropriate quantum of deduction based on all relevant factors. Case-Laws Income Tax Tue, 03 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21606