https://www.taxtmi.com/caselaws?id=26403 The High Court remanded the matter to the Tribunal regarding the entitlement to weighted deduction for export markets development allowance, emphasizing the requirement for detailed evidence to support the claim. The court ruled against the assessee's claim for deduction in respect of liability for surtax. Additionally, the court held that the written down value of assets should be considered for computing capital under section 80J, not the actual cost, in favor of the Revenue. The judgment focused on the need for specific evidentiary support for deductions and upheld established legal principles in income tax assessments. en-us Tue, 03 Jun 1986 00:00:00 +0530 Thu, 04 Feb 2010 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26403 The High Court remanded the matter to the Tribunal regarding the entitlement to weighted deduction for export markets development allowance, emphasizing the requirement for detailed evidence to support the claim. The court ruled against the assessee's claim for deduction in respect of liability for surtax. Additionally, the court held that the written down value of assets should be considered for computing capital under section 80J, not the actual cost, in favor of the Revenue. The judgment focused on the need for specific evidentiary support for deductions and upheld established legal principles in income tax assessments. Case-Laws Income Tax Tue, 03 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26403