https://www.taxtmi.com/caselaws?id=25530 The court ruled in favor of the Revenue, denying the assessee's entitlement to a weighted deduction under section 35B of the Income-tax Act, 1961, for a late shipment penalty. The court held that the expenditure was incurred in India and was not eligible for the allowance. Despite precedents cited by the assessee, the court emphasized the decisive factor of where the expenditure was incurred, leading to the rejection of the claim. No costs were imposed on the parties. en-us Tue, 16 Dec 1986 00:00:00 +0530 Fri, 29 Jan 2010 12:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25530 The court ruled in favor of the Revenue, denying the assessee's entitlement to a weighted deduction under section 35B of the Income-tax Act, 1961, for a late shipment penalty. The court held that the expenditure was incurred in India and was not eligible for the allowance. Despite precedents cited by the assessee, the court emphasized the decisive factor of where the expenditure was incurred, leading to the rejection of the claim. No costs were imposed on the parties. Case-Laws Income Tax Tue, 16 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25530