Deduction u/s 35B in light of Madras High Court decision in CIT v. Southern Seafood ltd.

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Full Text of the Document

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.... the I.T.Act. 2. In para (6) of the said Instruction it was mentioned that commission payments to a foreign and/or Indian agent would be entitled to weighted deduction provided such payments are in connection with the work and services specified in sub clauses (i) to (viii) of sec.35 B(1)(b) of the Act except to the extent referred to in sub-clause (iii) of clause (b) and is not in the nature of ....