1993 (6) TMI 12

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....1, the Income-tax Appellate Tribunal has referred the following question at the instance of the assessee : " Whether the Tribunal erred in holding that the expenditure incurred by the assessee on the travel outside India by the assessee's director for promotion of exports of the assessee's goods did not qualify for weighted deduction under section 35B of the Income-tax Act, 1961?" The relevant a....

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.... to grant weighted deduction in respect of foreign expenditure incurred on foreign tour. Our attention was invited by learned counsel for the assessee to the two decisions-(i) CIT v. C. R. Narayana Rao [1984] 146 ITR 310 (Mad) and (ii) Gokuldas Exports v. CIT [1993] 200 ITR 401 (Kar), in support of a proposition that weighted deduction cannot be denied only because a particular expenditure did no....