1991 (1) TMI 75 - HC - Income Tax

Summary

The High Court of Allahabad ruled against the assessee in a case involving weighted deduction on air freight expenses for exporting goods. The court held that expenditure on the carriage of goods to their destination outside India is not eligible for weighted deduction under section 35B(1)(b)(iii) of the Income-tax Act, 1961. The Tribunal's decision to allow the deduction was deemed legally incorrect.