https://www.taxtmi.com/caselaws?id=26945 The High Court upheld the Tribunal's decision, ruling against the firm in a case concerning the interpretation of section 35B(1)(b)(iii) of the Income-tax Act, 1961. The Court clarified that expenses incurred for the carriage of goods to places of sale outside India, including insurance during transit, do not qualify for weighted deduction. It emphasized that the term "destination" refers to the ultimate place of sale, not just the port of arrival. Therefore, expenses related to distributing goods outside India are not eligible for weighted deduction under the Act. en-us Mon, 12 Nov 1973 00:00:00 +0530 Tue, 09 Feb 2010 15:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26945 The High Court upheld the Tribunal's decision, ruling against the firm in a case concerning the interpretation of section 35B(1)(b)(iii) of the Income-tax Act, 1961. The Court clarified that expenses incurred for the carriage of goods to places of sale outside India, including insurance during transit, do not qualify for weighted deduction. It emphasized that the term "destination" refers to the ultimate place of sale, not just the port of arrival. Therefore, expenses related to distributing goods outside India are not eligible for weighted deduction under the Act. Case-Laws Income Tax Mon, 12 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26945