1992 (1) TMI 77 - HC - Income Tax

Summary

The High Court of Gujarat ruled against the assessee, a partnership firm, in a case involving weighted deduction under section 35B of the Income-tax Act, 1961. The court held that the expenditure incurred by the assessee did not qualify for weighted deduction, as it was in connection with supply of goods within India. The court answered both questions referred to it in the negative and against the assessee.