1998 (10) TMI 60

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....--The assessee-firm, Swadeshi Karyalay, sale/export of hosiery goods. Weighted deduction under section 35B of the Income-tax Act, 1961 (for short, the "Act"), was claimed by the assessee before the Income-tax Officer during the assessment proceedings for the assessment year 1978-79 in respect of the amount of commission paid by the assessee to the State Trading Corporation. The Assessing Officer d....

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....ect of commission paid to the State Trading Corporation ?" A similar matter has already been examined by the Supreme Court in CIT v. Stepwell Industries Ltd. [1997] 228 ITR 171, and it has been held that weighted deduction under section 35B was not admissible in respect of commission paid to the State Trading Corporation. While dealing with C.A. No. 8790 of 1995 and C. A. No. 9835 of 1995, the ....