https://www.taxtmi.com/caselaws?id=22367 The High Court held that the assessee, as the manufacturer of goods exported through another entity, was entitled to claim weighted deduction under section 35B of the Income-tax Act, 1961. Despite not being the direct exporter, the Court considered the goods sold on a "High Seas Sales" basis, establishing the assessee as the real exporter eligible for the deduction. The Court emphasized that the key requirement for the deduction is the promotion of sales outside India by the assessee, allowing for indirect incurring of export promotion expenses. Consequently, the Court ruled in favor of the assessee, affirming their entitlement to the claimed deduction. en-us Wed, 07 Nov 1990 00:00:00 +0530 Wed, 09 Dec 2009 14:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22367 The High Court held that the assessee, as the manufacturer of goods exported through another entity, was entitled to claim weighted deduction under section 35B of the Income-tax Act, 1961. Despite not being the direct exporter, the Court considered the goods sold on a "High Seas Sales" basis, establishing the assessee as the real exporter eligible for the deduction. The Court emphasized that the key requirement for the deduction is the promotion of sales outside India by the assessee, allowing for indirect incurring of export promotion expenses. Consequently, the Court ruled in favor of the assessee, affirming their entitlement to the claimed deduction. Case-Laws Income Tax Wed, 07 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22367