https://www.taxtmi.com/caselaws?id=22734 The Kerala High Court, in a case involving the interpretation of the first proviso to section 40A(5)(a) of the Income-tax Act and the allowance of weighted deduction under section 35B, ruled in favor of the Revenue and against the assessee. The court upheld the Income-tax Officer's disallowance of a portion of the director's salary and perquisites for both the assessment years 1977-78 and 1979-80. It affirmed the Tribunal's decision that specific expenses related to export activities were eligible for weighted deduction, but not all claimed items. The court concluded that the assessee was not entitled to a deduction on the cost of cartons under section 35B. en-us Fri, 17 Aug 1990 00:00:00 +0530 Sat, 12 Dec 2009 15:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22734 The Kerala High Court, in a case involving the interpretation of the first proviso to section 40A(5)(a) of the Income-tax Act and the allowance of weighted deduction under section 35B, ruled in favor of the Revenue and against the assessee. The court upheld the Income-tax Officer's disallowance of a portion of the director's salary and perquisites for both the assessment years 1977-78 and 1979-80. It affirmed the Tribunal's decision that specific expenses related to export activities were eligible for weighted deduction, but not all claimed items. The court concluded that the assessee was not entitled to a deduction on the cost of cartons under section 35B. Case-Laws Income Tax Fri, 17 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22734