2002 (9) TMI 58

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... The assessee claimed the benefit of section 35B of the Income-tax Act, 1961, more specifically sub-clauses (ii), (v), (vi) and (vii). The assessee contended that the assessee had made available to the foreign buyer information regarding the markets inside India for the goods and services exported, that it had incurred expenses on the preparation and submission of tenders for the sup ply or provision outside India of the goods, services and facilities and per formed activities incidental thereto and had performed services outside India in connection with, or incidental to, the execution of any contract for the sup ply of goods and also travelled outside India for the promotion of the sale out side India of such goods, services or facili....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aining information regarding market conditions in India, for the leather which the foreign principals of the assessee wanted to purchase. It was transmitting information about Indian market conditions to its principals abroad, and not information about market conditions outside India to the persons who exported goods from India. The other activities carried on by the assessee were directly linked to providing assistance to the foreign principal in inspecting the goods in India, looking for the material which the foreign principal wanted, negotiating the terms of supply, keeping the foreign principal informed, also receiving instructions from the foreign principal and following up on the matter of prompt supply, and assistance in the matter ....