1992 (1) TMI 77

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.... C. J.-The assessee is a registered partnership firm carrying on business of manufacture of isabgol, etc. It also carries on business in jeera, cola and other articles and as general merchant. The assessee also exported isabgol. In the year of account relevant to the assessment year 1977-78, the assessee had incurred expenditure of Rs. 5,744 by way of commission paid to D. Abraham and Sons (P.) Lt....

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....mission paid to D. Abraham and Sons (P) Ltd. and in full so far as packing credit interest was concerned. It is in the background of the above facts that the following two questions have been referred to us for our opinion : "1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal has been right in law in holding that the assessee is entitled to weighted deduction ....

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....r as the first question is concerned, it appears that the assessee had paid an amount of Rs. 5,744 to D. Abraham and Sons (P.) Ltd., clearing agent at Bombay. As pointed out above, the Tribunal has allowed the assessee's claim for weighted deduction in respect of the said expenditure to the extent of 75 per cent. This expenditure which the assessee had incurred is in connection with the export or ....