https://www.taxtmi.com/caselaws?id=36736 The court dismissed the writ petition concerning the failure to claim export markets development allowance under section 35B of the Income Tax Act. The petitioner, an assessee engaged in export trade, did not claim the allowance for certain assessment years. Despite raising the issue during appeal proceedings, the claim was not allowed as it was not raised earlier. The court emphasized the requirement for a specific claim for the allowance under section 35B and cited precedents where rectification was denied due to the failure to initially claim the allowance. The dismissal of the petition highlighted the importance of timely and specific claims for deductions under the Income Tax Act. en-us Tue, 19 Feb 1980 00:00:00 +0530 Wed, 24 Mar 2010 11:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36736 The court dismissed the writ petition concerning the failure to claim export markets development allowance under section 35B of the Income Tax Act. The petitioner, an assessee engaged in export trade, did not claim the allowance for certain assessment years. Despite raising the issue during appeal proceedings, the claim was not allowed as it was not raised earlier. The court emphasized the requirement for a specific claim for the allowance under section 35B and cited precedents where rectification was denied due to the failure to initially claim the allowance. The dismissal of the petition highlighted the importance of timely and specific claims for deductions under the Income Tax Act. Case-Laws Income Tax Tue, 19 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36736