1989 (1) TMI 8

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....DDY J. -The following questions are referred for our opinion under section 256(1) of the Income-tax Act, 1961 (the Act) : " 1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in holding that the expenditure of Rs. 1,24,091 incurred for the purpose of distributing free note books and expenditure of Rs. 1,08,565 incurred for placing gift coupons ....

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....ed by the assessee on sales promotion. It merely followed two earlier decisions of its own and held that the said expenditure has to be allowed as deduction under section 37(1). The earlier decisions followed by it could not be made available to us. Before us there is a controversy as to the meaning of the expression "sales promotion". Mr. Ratnakar, learned counsel for the assessee, contends that ....