https://www.taxtmi.com/caselaws?id=60686 The Appellate Tribunal ITAT CALCUTTA-E, in a case concerning a claim for weighted deduction under section 35B of the Income-tax Act, 1961, partially allowed the appeal. The Tribunal upheld the claim for commission payments but rejected the claim for expenditure on carriage of goods abroad. It clarified that commission payments contributing to sales were eligible for deduction, while expenditure on insurance outside India was not admissible. The judgment stressed the significance of applying correct legal precedents and interpreting statutory provisions for determining eligibility for weighted deductions. en-us Thu, 15 Mar 1984 00:00:00 +0530 Fri, 07 Jan 2011 16:07:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60686 The Appellate Tribunal ITAT CALCUTTA-E, in a case concerning a claim for weighted deduction under section 35B of the Income-tax Act, 1961, partially allowed the appeal. The Tribunal upheld the claim for commission payments but rejected the claim for expenditure on carriage of goods abroad. It clarified that commission payments contributing to sales were eligible for deduction, while expenditure on insurance outside India was not admissible. The judgment stressed the significance of applying correct legal precedents and interpreting statutory provisions for determining eligibility for weighted deductions. Case-Laws Income Tax Thu, 15 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60686