https://www.taxtmi.com/caselaws?id=34373 The High Court of Allahabad ruled against the assessee in a case concerning the interpretation of "maintenance of agency" under Section 35B(1)(b)(iv) of the Income-tax Act, 1961 for the Assessment Year 1981-82. The Court held that the assessee was not entitled to the weighted deduction under the Act due to the absence of an obligation to maintain the agency as required by law. The decision favored the Revenue, denying the deduction for the assessee based on a previous case precedent. en-us Tue, 18 Aug 2009 00:00:00 +0530 Thu, 27 Dec 2012 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34373 The High Court of Allahabad ruled against the assessee in a case concerning the interpretation of "maintenance of agency" under Section 35B(1)(b)(iv) of the Income-tax Act, 1961 for the Assessment Year 1981-82. The Court held that the assessee was not entitled to the weighted deduction under the Act due to the absence of an obligation to maintain the agency as required by law. The decision favored the Revenue, denying the deduction for the assessee based on a previous case precedent. Case-Laws Income Tax Tue, 18 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34373