High Court allows deduction of expenses under Income-tax Act; upholds Tribunal's direction for claim consideration.
Commissioner Of Income-Tax Versus Jay Engineering Works Limited
Commissioner Of Income-Tax Versus Jay Engineering Works Limited - [1998] 233 ITR 433 The High Court of Delhi ruled in favor of the assessee regarding a claim for deduction of expenses under section 35B of the Income-tax Act, 1961. The Tribunal directed the Income-tax Officer to consider the claim on its merits, which was supported by Supreme Court decisions. The Court held that the Tribunal's approach was valid and that the plea raised by the assessee could be admitted by the Commissioner of Income-tax (Appeals).