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2015 (6) TMI 143
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..../b M/s Joy Legal Consultants ORDER P. C. 1. This Reference is at the instance of the Revenue. The Tribunal had before it an application under section 256(1) of the Income Tax Act, 1961, then in force, of the Commissioner of Income Tax requiring the Tribunal to refer the following question of law. That question of law arises out of the order of the Tribunal dated 23rd May, 1988 in Income T....
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....r only directed that expenditure on entertainment of foreign customers should be considered for weighted deduction. Before the Tribunal, the assessee raised a claim for weighted deduction on packing credit which the Tribunal allowed following a judgment of the High Court of Madhya Pradesh in the case of Commissioner of Income Tax vs. Vippy Solvex Pvt. Ltd. (1986) 159 ITR 487. It is in these circum....