Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2005 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (1) TMI 29 - HC - Income TaxWeighted deduction under section 35B - assessee is a manufacturer and gets the articles manufactured by artisans and advances money for the purchase of brass to make the articles and sometimes the imported raw material is supplied by the assessee from his own stock. - held that to claim weighted deduction under section 35B of the Act, the assessee should own the industrial undertaking to become a "small scale exporter" – in the absence of any finding that the assessee-respondent owned any industrial undertaking, the assessee-respondent cannot be termed a "small scale exporter" and, therefore, is not entitled for weighted deduction under section 35B
|