1986 (1) TMI 10

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....r our opinion : " 1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that weighted deduction under section 35B could not be allowed on freight of Rs. 21,86,115 and insurance of Rs. 76,918 ? 2. Whether, on the facts and in the circumstances of the case and on a proper interpretation of the Income-tax Act, 1961, the Tribunal was right in holding th....

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....ered by the same decision of this court. This question also is answered in the affirmative and in favour of the Department. The second question is concluded by a decision of this court in Molins of India Ltd. v. CIT [1983] 144 ITR 317 (Cal). We, therefore, answer the second question in the affirmative and in favour of the Department and against the assessee. There will be no order as to costs. ....