https://www.taxtmi.com/caselaws?id=61103 The Tribunal ruled in favor of the assessee on all grounds except ground 4, which was dismissed as withdrawn. The disallowance of employee welfare expenses was overturned as it was deemed to be for business purposes. The denial of weighted deductions under Section 35B was rejected, allowing the deductions for specific expenditures related to export market development. Additionally, the addition of perquisites provided to a director was vacated based on the precedence of Section 40(c) over Section 40A(5) regarding directors' remuneration. en-us Wed, 28 Feb 1979 00:00:00 +0530 Mon, 10 Jan 2011 18:13:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61103 The Tribunal ruled in favor of the assessee on all grounds except ground 4, which was dismissed as withdrawn. The disallowance of employee welfare expenses was overturned as it was deemed to be for business purposes. The denial of weighted deductions under Section 35B was rejected, allowing the deductions for specific expenditures related to export market development. Additionally, the addition of perquisites provided to a director was vacated based on the precedence of Section 40(c) over Section 40A(5) regarding directors' remuneration. Case-Laws Income Tax Wed, 28 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61103