2006 (12) TMI 133

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....s been referred for the opinion of this Court by the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar, arising out of its order dated 20.5.1993 in I.T.A. No.62(ASR)/1989, for the assessment year 1985-86:- "Whether, on the facts and in the circumstances of the case, the learned Income Tax Appellate Tribunal is right in law in holding that the expenses on account of commission amounting to R....

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....02) 257 ITR 645, wherein it was observed (page 648):- "Admittedly, the provisions of section 37(3A) of the Act place an embargo on the expenses incurred on the advertisement, publicity and sales promotion. This would mean that the expenses claimed by an assessee in connection with the advertisement, etc., have to be scrutinised and reduced in accordance with the slab prescribed in section 37(3A) ....