https://www.taxtmi.com/caselaws?id=58737 The Tribunal upheld the Commissioner's decision allowing the exporter's claim for a 35B deduction on bank interest paid on packing credit, stating it was directly linked to export development. The full deduction under section 80J was allowed without proportionate reduction for the partial year operation of the industrial undertaking. However, the Tribunal rejected the assessee's claims for deductions on freight insurance, forwarding and clearing, banking charges, and subscription to membership fees under section 35B based on precedent. en-us Wed, 26 May 1982 00:00:00 +0530 Tue, 21 Dec 2010 17:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58737 The Tribunal upheld the Commissioner's decision allowing the exporter's claim for a 35B deduction on bank interest paid on packing credit, stating it was directly linked to export development. The full deduction under section 80J was allowed without proportionate reduction for the partial year operation of the industrial undertaking. However, the Tribunal rejected the assessee's claims for deductions on freight insurance, forwarding and clearing, banking charges, and subscription to membership fees under section 35B based on precedent. Case-Laws Income Tax Wed, 26 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58737