https://www.taxtmi.com/caselaws?id=58772 The ITAT Bombay-C partially allowed the appeal of a limited company regarding the allowance of export market development allowance under s. 35B of the IT Act for the previous year ending on 31st Dec., 1979. The ITAT upheld the appellant's claim for weighted deduction on commission paid to local parties for obtaining market information outside India and on exhibition expenses incurred to boost exports. However, the ITAT upheld the disallowance of weighted deduction on quota fees, emphasizing the need for expenses to align with specified criteria under s. 35B(1)(b) for claiming weighted deduction. en-us Fri, 28 Feb 1986 00:00:00 +0530 Tue, 21 Dec 2010 18:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58772 The ITAT Bombay-C partially allowed the appeal of a limited company regarding the allowance of export market development allowance under s. 35B of the IT Act for the previous year ending on 31st Dec., 1979. The ITAT upheld the appellant's claim for weighted deduction on commission paid to local parties for obtaining market information outside India and on exhibition expenses incurred to boost exports. However, the ITAT upheld the disallowance of weighted deduction on quota fees, emphasizing the need for expenses to align with specified criteria under s. 35B(1)(b) for claiming weighted deduction. Case-Laws Income Tax Fri, 28 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58772