https://www.taxtmi.com/caselaws?id=26957 The High Court of Delhi dismissed two applications under section 256(2) of the Income-tax Act, 1961, regarding the eligibility of certain expenditure for weighted deduction under section 35B. The court upheld the Tribunal's decision, emphasizing that the interpretation of the statutory provision did not warrant a reference. It was concluded that the expenditure promoting export development could qualify for deduction, and the Tribunal had correctly determined the extent to which the items were related to export sales. The applications were dismissed with costs, highlighting the clear and unambiguous nature of the Tribunal's interpretation. en-us Thu, 02 Jan 1986 00:00:00 +0530 Tue, 09 Feb 2010 15:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26957 The High Court of Delhi dismissed two applications under section 256(2) of the Income-tax Act, 1961, regarding the eligibility of certain expenditure for weighted deduction under section 35B. The court upheld the Tribunal's decision, emphasizing that the interpretation of the statutory provision did not warrant a reference. It was concluded that the expenditure promoting export development could qualify for deduction, and the Tribunal had correctly determined the extent to which the items were related to export sales. The applications were dismissed with costs, highlighting the clear and unambiguous nature of the Tribunal's interpretation. Case-Laws Income Tax Thu, 02 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26957