https://www.taxtmi.com/caselaws?id=57946 The Tribunal allowed the assessee's appeal, determining that the foreign branches did promote banking services outside India, entitling them to relief under section 35B of the Income-tax Act, 1961. However, the Tribunal remanded the matter regarding the quantum of relief allowed, instructing a detailed examination and fair apportionment of expenses related to promoting services outside India. The Tribunal emphasized the need for a thorough assessment of specific expenses, such as law charges and auditor's fees, to determine their eligibility for weighted deduction under section 35B(1)(b)(iv). en-us Fri, 27 Jan 1984 00:00:00 +0530 Wed, 15 Dec 2010 15:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57946 The Tribunal allowed the assessee's appeal, determining that the foreign branches did promote banking services outside India, entitling them to relief under section 35B of the Income-tax Act, 1961. However, the Tribunal remanded the matter regarding the quantum of relief allowed, instructing a detailed examination and fair apportionment of expenses related to promoting services outside India. The Tribunal emphasized the need for a thorough assessment of specific expenses, such as law charges and auditor's fees, to determine their eligibility for weighted deduction under section 35B(1)(b)(iv). Case-Laws Income Tax Fri, 27 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57946