1999 (9) TMI 43 - HC - Income Tax

Summary

The High Court of Madras ruled on questions regarding weighted deductions under section 35B of the Income-tax Act, 1961. The court held that expenses related to contracts secured abroad do not qualify for deduction. Customs duty and sales tax incurred for foreign offices also do not qualify. Expenses incurred in India for maintaining a foreign office do not qualify for weighted deduction under section 35B.