Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (9) TMI 51 - ALLAHABAD HIGH COURTWeighted deduction under section 35B - AO allowed the deduction under section 35B prior to April 1, 1978. However, for the period from April 1, 1978, to the end of October, 1978, he declined to grant deduction on the ground that the respondent is not a SSI undertaking and the certificate of export house issued by the Government of India, dated February 9, 1979, was effective from February 19, 1979, to June 30, 1979, and therefore could not be taken into consideration - Tribunal has considered the registration certificate issued by the State Government as also the Export House Certificate and has come to the conclusion that the respondent was a small scale industrial undertaking - Tribunal was legally justified in holding that the assessee was a recognised export house and a small scale exporter who was manufacturing and producing articles and hence was entitled to weighted deduction under section 35B
|