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2002 (2) TMI 12 - HC - Income TaxClaim for weighted deduction and interest on short term deposit - "1. Whether, Tribunal was correct in law in holding that the assessee is entitled to weighted deduction u/s 35B on foreign travel, advertisement, foreign branch expenses, etc., though the assessee was only purchasing goods from China and selling the same in USA and no export of Indian goods was carried on? – Held that to avail of the benefit of weighted deduction the provision does not require that the export should be ex-India, hence this question is answered in favour of assessee - 2. Whether, Tribunal was correct in holding that the interest received by the assessee from the fixed deposit of surplus funds should be assessed under the head "Income from business"?" – Held, no – This question is answered against the assessee
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