Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (9) TMI 752 - HC - Income TaxWeighted deduction on agricultural demonstration park u/s 35C - Whether the Tribunal was justified in law in allowing assessee's claim to grant weighted deduction u/s 35C in respect of expenditure incurred on agricultural demonstration park at Bilaspur – Held that:- The expenses that is incurred in relation to the development agricultural park at Bilaspur is for dissemination of information or demonstration of modern techniques or methods of agriculture that the company uses in manufacture of its product as raw material and which is a product of agriculture, it was entitled to the deduction that it claimed - the company was entitled to the weighted deduction as it satisfied the requirement both in clause (a) and (b) of subsection 1 of section 35C - The Tribunal was right in holding that dissemination of information or demonstration of modern techniques or methods of agriculture does not require any elaborate or detailed effort - The dissemination of information and by the method or modes utilized in this case fall within the clause - That is a way of dissemination of information and through the employed technicians - the expenses incurred so as to provide service of technicians and their salary and travelling expenses would definitely fall within the sub clause as they demonstrated modern techniques to the cultivators - the Tribunal did not commit any error of law apparent on the face of the record in upholding the order of the Commissioner – Decided against revenue.
|