https://www.taxtmi.com/caselaws?id=21742 Expenditure incurred in India in connection with the supply of goods outside India does not qualify for weighted deduction under section 35B(1)(b)(iii) of the Income-tax Act, 1961. Applying that exclusion, the Gujarat HC held that agency commission paid in India to a clearing agent for export-related business was not eligible for weighted deduction. The court also followed its earlier ruling to hold that packing credit interest paid to a bank was outside the scope of the section 35B claim. Both questions were therefore answered against the assessee and in favour of the Revenue. en-us Wed, 08 Jan 1992 00:00:00 +0530 Fri, 27 Nov 2009 13:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21742 Expenditure incurred in India in connection with the supply of goods outside India does not qualify for weighted deduction under section 35B(1)(b)(iii) of the Income-tax Act, 1961. Applying that exclusion, the Gujarat HC held that agency commission paid in India to a clearing agent for export-related business was not eligible for weighted deduction. The court also followed its earlier ruling to hold that packing credit interest paid to a bank was outside the scope of the section 35B claim. Both questions were therefore answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Wed, 08 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21742