https://www.taxtmi.com/caselaws?id=57160 The ITAT Amritsar upheld the CIT (Appeals)'s decision regarding the excessive sales incentive payment to a sister concern under section 40A(2), stating it was not excessive considering the circumstances. For the allowance of weighted deduction under section 35B for various expenses, the ITAT directed reevaluation of expenses like advertisements and agents' commission before allowing weighted deduction, suggesting a proportion of 9/300 for other miscellaneous expenses. Ultimately, the ITAT partially allowed both appeals, providing detailed guidance for reexamining expenses for weighted deduction under section 35B. en-us Thu, 16 Jul 1981 00:00:00 +0530 Wed, 08 Dec 2010 16:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57160 The ITAT Amritsar upheld the CIT (Appeals)'s decision regarding the excessive sales incentive payment to a sister concern under section 40A(2), stating it was not excessive considering the circumstances. For the allowance of weighted deduction under section 35B for various expenses, the ITAT directed reevaluation of expenses like advertisements and agents' commission before allowing weighted deduction, suggesting a proportion of 9/300 for other miscellaneous expenses. Ultimately, the ITAT partially allowed both appeals, providing detailed guidance for reexamining expenses for weighted deduction under section 35B. Case-Laws Income Tax Thu, 16 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57160