TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>High Court affirms Tribunal decision on salary expenses deduction under Income Tax Act</h1> <h3>Commissioner Of Income-Tax, Lucknow Versus Novelty Trading Corporation And Others</h3> Commissioner Of Income-Tax, Lucknow Versus Novelty Trading Corporation And Others - [1984] 150 ITR 453, 13 TAXMANN 312 The High Court of Allahabad upheld the decision of the Income-tax Appellate Tribunal regarding the weighted deduction claim for salary expenses under section 35B of the Income Tax Act, 1961. The Central Board of Direct Taxes accepted the decision but not the apportionment of the claim at 75%. The Revenue challenged the rate of allowance but the court found no legal justification to dispute the Tribunal's decision. The reference applications were rejected.
TaxTMI 