1998 (8) TMI 42

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....ome-tax Appellate Tribunal under section 256(2) of the Income-tax Act, 1961 (for short "the Act"), relating to the assessment year 1983-84. The question referred to this court is as follows : "Whether, on the facts and in the circumstances of the case, the assessee is entitled to weighted deduction under section 35B(1)(b) of the Income-tax Act, 1961 ?" The facts of the case, as found by the Appe....

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.... weighted deductions under section 35B. It was held that the commission paid by the assessee to the agents is the expense incurred by the assessee to maintain an agency outside India. The assessee is, therefore, entitled to claim deduction in respect of the above payment under section 35B(1)(b)(iv) of the Income-tax Act." The only submission of learned senior standing counsel before us is that no....