Court affirms revenue's win on raw jute purchase tax deduction claim.

The High Court of Calcutta upheld the decision of the Income-tax Appellate Tribunal, ruling in favor of the revenue regarding a deduction claim for raw jute purchase tax. The Court rejected the application for reference, affirming the Tribunal's decision overruling the Appellate Assistant Commissioner's allowance of the deduction.

---

---

The High Court of Calcutta considered whether the Income-tax Appellate Tribunal was justified in holding that the Appellate Assistant Commissioner exceeded his powers in entertaining an additional ground of appeal regarding a deduction claim for raw jute purchase tax. The AAC allowed the deduction based on a Supreme Court decision, but the Tribunal, following a different Supreme Court decision, ruled in favor of the revenue. The Court rejected the application for reference, stating that the Tribunal's decision was correct.

---