https://www.taxtmi.com/caselaws?id=26944 The High Court upheld the assessee's claim for weighted deduction under section 35B of the Income-tax Act for expenses incurred towards storage and duty. The court clarified that expenses incurred on the carriage of goods to destinations outside India do not qualify for deduction, including expenses for carriage of goods after landing at the port of destination. As the goods were not carried beyond New York by or on behalf of the assessee, deductions for storage and local duty were deemed permissible under section 35B. The court ruled in favor of the assessee and directed parties to bear their respective costs. en-us Thu, 19 Dec 1985 00:00:00 +0530 Tue, 09 Feb 2010 15:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26944 The High Court upheld the assessee's claim for weighted deduction under section 35B of the Income-tax Act for expenses incurred towards storage and duty. The court clarified that expenses incurred on the carriage of goods to destinations outside India do not qualify for deduction, including expenses for carriage of goods after landing at the port of destination. As the goods were not carried beyond New York by or on behalf of the assessee, deductions for storage and local duty were deemed permissible under section 35B. The court ruled in favor of the assessee and directed parties to bear their respective costs. Case-Laws Income Tax Thu, 19 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26944