https://www.taxtmi.com/caselaws?id=27089 The Tribunal upheld the weighted deduction under section 35B of the Income-tax Act only to the extent of 50% for salary and rent, disallowing the claim for other expenses like packing, freight, insurance, cooly, trade expenses, and legal expenses based on section 35B(1)(b)(iii) of the Act. The Tribunal ruled that only expenses directly linked to export activities could be considered for weighted deduction, as per the provisions of the Act, leading to the dismissal of the petition seeking a reference on the issues raised by the assessee. en-us Tue, 15 Nov 1983 00:00:00 +0530 Wed, 10 Feb 2010 16:15:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27089 The Tribunal upheld the weighted deduction under section 35B of the Income-tax Act only to the extent of 50% for salary and rent, disallowing the claim for other expenses like packing, freight, insurance, cooly, trade expenses, and legal expenses based on section 35B(1)(b)(iii) of the Act. The Tribunal ruled that only expenses directly linked to export activities could be considered for weighted deduction, as per the provisions of the Act, leading to the dismissal of the petition seeking a reference on the issues raised by the assessee. Case-Laws Income Tax Tue, 15 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27089