1988 (8) TMI 153

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....(A) erred in allowing depreciation at 15 per cent on tools and implements. 2. We heard the rival submissions and considered material on record. The issue to be misconceived. The direction of CIT (A) in para 3 of his order is that ITO should verify if due under the relevant rules. Assessee has claimed 20 per cent in the ground of appeal before the CIT (A) and at the time of hearing he claimed @ 15....

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.... no been pressed at the time of hearing. 4. The last issue for our consideration in this appeal is whether CIT (A) erred in not allowing the weighted deduction as per s. 35B. On the travelling expenses of Dr. S.K. Somaiya, director of the Company. 5. We have heard the rival submissions and considered the material on record. The reason given by CIT (A) for disallowance is that though there was ex....