1989 (7) TMI 153

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....ircumstances of the case, the Tribunal was right in law in holding that the expenses of Rs. 1,96,725 incurred by assessee by was of commission on sales was not in the nature of sales promotion expenses and as such not hit by s. 37(3A) of IT Act, 1961?" Since, in our view, no referable question arises therefore, we decline to refer the question and give our reasons as below. 2. The assessee i....