1982 (4) TMI 3 - HC - Income Tax

Summary

The High Court of Allahabad upheld the decision of the Income-tax Appellate Tribunal regarding the weighted deduction claim for salary expenses under section 35B of the Income Tax Act, 1961. The Central Board of Direct Taxes accepted the decision but not the apportionment of the claim at 75%. The Revenue challenged the rate of allowance but the court found no legal justification to dispute the Tribunal's decision. The reference applications were rejected.