1992 (7) TMI 32 - HC - Income Tax

Summary

The High Court of Kerala ruled in favor of the assessee regarding weighted deduction under section 35B(1)(b) of the Income-tax Act, 1961 for commission payments to Indian agents in India. The court directed the Income-tax Appellate Tribunal to adjudicate on the claim for weighted deduction in relation to sales expenditure on export sales incurred in India based on a previous decision.