1993 (9) TMI 13

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....er section 256(l) of the Income-tax Act, 1961, the Income-tax Appellate Tribunal has referred the following question of law to this court for opinion : " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the following expenditure incurred by the assessee did not qualify for weighted deduction under section 35B ? " 1974-75 1975-76 Rs. Rs....

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....see. In that view of the matter, we are of the opinion that the Tribunal was justified in holding that the assessee is not entitled to weighted deduction on the assortment charges also. Having regard to the above discussion and following the ratio of the decision of this court in M. H. Daryani v. CIT [1993] 202 ITR 731 and a number of other decisions of this court on this section, we hold that ....