TMI Blog2007 (9) TMI 631X X X X Extracts X X X X X X X X Extracts X X X X ..... omotion expenses and the provisions of section 37(3A) of the Income-tax Act are not applicable? - HELD THA:- The admitted position is that in view of the decision of this Court in CIT v. High Blyma Labs (P.) Ltd., the question of law is required to be answered in the affirmative, in favour of the assessee and against the revenue. Thus, the reference is disposed of accordingly. - <!- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... <![endif]--><!--[if gte mso 10]> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rrect on the facts and in the law in holding the expenditure of ₹ 73,116 being the annual bonus paid to the dealers is not in the nature of Sales Promotion expenses and the provisions of section 37(3A) of the Income-tax Act are not applicable? 2. The admitted position is that in view of the decision of this Court in CIT v. High Blyma Labs (P.) Ltd. [IT Appeal No. 34 of 1992, dated 5- ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
