1998 (4) TMI 33 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled that the assessee was not eligible for weighted deduction under section 35B of the Income-tax Act for commission paid to local agents of foreign buyers. The court held that the provision does not cover commission for actual sales but only expenditure on obtaining information about markets outside India. The judgment was in favor of the Revenue, with costs of Rs. 750 awarded.