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TMI BlogInsertion of New Sections 35B and 35CX X X X Extracts X X X X X X X X Extracts X X X X ..... ident in India, has incurred after the 29th day of February, 1968, whether directly or in association with any other person, any expenditure (not being in the nature of capital expenditure or personal expenses of the assessee) referred to in clause (b), he shall, subject to the provisions of this section, be allowed a deduction of a sum equal to one and one-third times the amount of such expenditu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng to a person outside India samples or technical information for the promotion of the sale of such goods, services or facilities; (vii) travelling outside India for the promotion of the sale outside India of such goods, services or facilities, including travelling outward from, and return to, India; (viii) performance of services outside India in connection with, or incidental to, the execution o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acture or processing as raw material, any product of agriculture, animal husbandry, or dairy or poultry farming, and has incurred, after the 29th day of February, 1968, whether directly or through an association or body which has been approved for the purposes of this section by the prescribed authority, any expenditure in the provision of any goods, services or facilities specified in clause (b) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... services or facilities as may be prescribed. Explanation : In computing the expenditure with reference to which deduction under this section is to be allowed, the amount, if any, received by the company in consideration of, or as compensation for, such goods, services or facilities shall be deducted. (2) Where a deduction under this section is claimed and allowed for any assessment year in respect ..... X X X X Extracts X X X X X X X X Extracts X X X X
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