2001 (8) TMI 51 - HC - Income Tax

Summary

The High Court of Delhi ruled on a case related to weighted deduction under section 35C of the Income-tax Act, 1961 for the assessment year 1975-76. The court held that the assessee was not entitled to the deduction for expenses incurred on aerial spray of insecticides and road repairs, as they were not directly incurred or met the prescribed conditions. The judgment favored the Revenue over the assessee.