https://www.taxtmi.com/caselaws?id=30565 The High Court remanded the case to the Commissioner of Income-tax (Appeals) after finding that the weighted deduction claimed under Section 35B of the Income-tax Act, 1961 was not solely for export purposes as required by law. The Assessing Officer's disallowance was overturned by the CIT (A) and Tribunal, but the High Court emphasized that expenses must be wholly and exclusively for the purposes outlined in Section 35B(1)(b) for the deduction to be allowed, leading to a decision in favor of the revenue. en-us Fri, 15 Sep 2006 00:00:00 +0530 Wed, 03 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30565 The High Court remanded the case to the Commissioner of Income-tax (Appeals) after finding that the weighted deduction claimed under Section 35B of the Income-tax Act, 1961 was not solely for export purposes as required by law. The Assessing Officer's disallowance was overturned by the CIT (A) and Tribunal, but the High Court emphasized that expenses must be wholly and exclusively for the purposes outlined in Section 35B(1)(b) for the deduction to be allowed, leading to a decision in favor of the revenue. Case-Laws Income Tax Fri, 15 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30565