Itr/146/1990 Of M/S.hindustan Ferodo Ltd.bombay v. The Commissioner Of Income Tax, Bombay City Vi, Bombay

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX REFERENCE NO.146 OF 1990M/s. Hindustan Ferodo Ltd.,L.B.S. Marg, Bombay-400086....Applicant.Vs.The Commissioner of Income Tax,Bombay City VI, Bombay....Respondent. Mr. Jitendra Jain with Mr. H.K.Sudhakara i/by Khaitan & Co.for the Applicant. Mr. J.S. Saluja with Mr.P.S. Sahadevan for the Respondent. CORAM : F.I. REBELLO & R.S. MOHITE, JJ.DATED : 12TH JANUARY, 2009. ORAL JUDGMENT :( Per R.S. Mohite, J.) (a) Export Certification fees Rs. 4,400.00 (b) Foreign charges on goods exported Rs. 80,609.00 (c) Packing materials on goods (d) Discounting and other bank charges of export documentation for opening L/C etc.Rs. 6,566.00(e) Difference in exchange onremittance receivedRs. 12,852.00 do not qualify for weighted deduction under section 35B of the Income Tax Act? thereof. We therefore, proceed to answer the aforesaid questions as follows. inspection charges. Being in agreement, we answer this question in the affirmative and against the assessee. Act. Being in agreement, we answer this question in the affirmative and against the assessee. eligible to a weighted deduction in view of specificexclusion made in sub clause (iii) of Section 35B(1)(b) of the Income Tax Act,1961. Being in agreement, we answer this question in the affirmative and against the assessee. agreement, we answer this question in the affirmative and against the assessee. 11. In the net result, the reference is answered in the aforesaid terms and stands disposed off with no order as to costs. ( R.S. MOHITE, J.) ( F.I.REBELLO, J.)