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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Weighted deduction u/s 35B - Mere obtaining of a packing credit ...


High Court: Section 35B Deduction Not Applicable for Packing Credit Loan Interest; Not a Service Outside India.

September 24, 2012

Case Laws     Income Tax     HC

Weighted deduction u/s 35B - Mere obtaining of a packing credit loan or payment of interest thereon in India cannot be said to entail the performance of any service outside India. - not deductible - HC

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