https://www.taxtmi.com/caselaws?id=58423 Weighted deduction may be available for commission, salary, bonus and postage expenses incurred in India if the expenditure otherwise falls within the export-incentive provision. Loss on sale of an imported car treated as a depreciable capital asset may be allowed as a short-term capital loss where the capital gains provisions permit such adjustment. Foreign travelling expenses require a reasonable, evidence-based disallowance; an excessive estimate may be reduced, and weighted deduction is available only on the amount accepted as business travel expenditure. en-us Thu, 18 Jan 1979 00:00:00 +0530 Sat, 18 Dec 2010 18:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58423 Weighted deduction may be available for commission, salary, bonus and postage expenses incurred in India if the expenditure otherwise falls within the export-incentive provision. Loss on sale of an imported car treated as a depreciable capital asset may be allowed as a short-term capital loss where the capital gains provisions permit such adjustment. Foreign travelling expenses require a reasonable, evidence-based disallowance; an excessive estimate may be reduced, and weighted deduction is available only on the amount accepted as business travel expenditure. Case-Laws Income Tax Thu, 18 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58423