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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Weighted deduction u/s 35(B) - The interest on packing credit is ...


Packing Credit Interest Not Eligible for Weighted Deduction u/s 35B; Doesn't Cover Services Outside India.

August 16, 2012

Case Laws     Income Tax     HC

Weighted deduction u/s 35(B) - The interest on packing credit is not paid in respect of any services rendered outside India and consequently would not stand covered within the ambit of Section 35B(1) (b)(viii). - HC

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