https://www.taxtmi.com/caselaws?id=21865 The Tribunal upheld the allowability of various expenses for weighted deduction under section 35B of the Income-tax Act, 1961, in favor of the assessee. The expenses, including fees paid to the Export Credit Guarantee Corporation, salary of the Export Department, postage, telephone, trunk-call expenses, and expenditure on foreign periodicals, were deemed eligible for deduction. The Tribunal's decision aligned with precedents from other High Courts and the Board, answering the reference question affirmatively for the assessee, with no order as to costs. Judges Bhagabati Prasad Banerjee and Ajit Kumar Sengupta concurred with the decision. en-us Tue, 06 Jun 1989 00:00:00 +0530 Wed, 02 Dec 2009 16:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21865 The Tribunal upheld the allowability of various expenses for weighted deduction under section 35B of the Income-tax Act, 1961, in favor of the assessee. The expenses, including fees paid to the Export Credit Guarantee Corporation, salary of the Export Department, postage, telephone, trunk-call expenses, and expenditure on foreign periodicals, were deemed eligible for deduction. The Tribunal's decision aligned with precedents from other High Courts and the Board, answering the reference question affirmatively for the assessee, with no order as to costs. Judges Bhagabati Prasad Banerjee and Ajit Kumar Sengupta concurred with the decision. Case-Laws Income Tax Tue, 06 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21865