TMI Blog2002 (11) TMI 28X X X X Extracts X X X X X X X X Extracts X X X X ..... dia in connection with distribution, supply, or provision outside India of such goods, services or facilities - expenditure on account of sale of goods to the foreign tourists in return of foreign exchange was not eligible for weighted deduction under section 35B - - - - - Dated:- 14-11-2002 - Judge(s) : D. K. JAIN., MS. SHARDA AGGARWAL. JUDGMENT The judgment of the court was delivered by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fore the Income-tax Officer weighted deduction under section 35B of the Act on the expenses amounting to Rs. 1,85,620, on the plea that these expenses were incurred on earning foreign exchange by selling goods to foreign tourists. The Income-tax Officer, however, found that in the case of the assessee there was no expenditure either on the sale of the goods outside India or promotion of such sales ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction 256(1) of the Act, the aforenoted question has been referred. No one appears for the assessee. We have accordingly heard Mr. R. D. Jolly, learned senior standing counsel for the Revenue. The issue raised in the present reference is no longer res integra. In CIT v. Stepwell Industries Ltd. [1997] 228 ITR 171 (SC), while observing that when a claim for weighted deduction is made, it is for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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