1993 (6) TMI 12 - HC - Income Tax

Summary

The High Court of Bombay held that the expenditure on a foreign tour for promotion of exports did not qualify for weighted deduction under section 35B of the Income-tax Act. The Tribunal's decision was upheld as the conditions for weighted deduction were not met, and the expenditure had already been granted as business expenditure under section 37(1). The judgment favored the Revenue.