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2012 (8) TMI 400 - HC - Income TaxInterest on packing credit paid to bank for export orders secured - allowability of weighted deduction u/s 35(B) - Held that:- This 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). See KEC International Ltd. Vs. CIT (2009 (1) TMI 5 - BOMBAY HIGH COURT) - Decided in favor of Revenue.
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