TMI Blog1989 (7) TMI 17X X X X Extracts X X X X X X X X Extracts X X X X ..... s. It filed its return of income for the assessment year 1975-76. The Income-tax Officer, A Ward, Srinagar, respondent No. 2 herein, passed an assessment order under section 143(3) of the Income-tax Act, 1961 (hereinafter "the Act"), and determined the taxable income of the petitioner-firm as Rs. 1,24,904. Aggrieved, the petitioner filed a revision petition before the Commissioner of Income-tax, A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion particularly when the order was passed after hearing the parties. Before the assessing authority, admittedly, no claim was made for grant of exemption as weighted deduction under section 35B of the Act. The petitioner-firm was required to put in a specific claim for weighted deduction supported by documentary evidence before the Income-tax Officer. It failed to do so. According to Mr. Kaul, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deduction. The impugned order records that weighted deduction under section 35B could be allowed only in respect of "specific items" which are covered by the various sub-clauses of section 35B(1)(b) but that during the hearing of the revision petition, the representative of the petitioner-firm could not point out any particular expenditure which was covered by the provisions of any of the various ..... X X X X Extracts X X X X X X X X Extracts X X X X
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