1982 (8) TMI 132

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nterest on packing credit 2. Certificate of expense 3. Inspection agency fees The IAC did not allow weighted deduction on these items. The Commr. (A) upheld the IAC's view on the assessee's appeal, since these items did not fall under any of the sub-cls. (i) to (viii) of s. 35B(1)(b). We have heard the parties. We agree with the Commr. (A) that these items do not fall under any of the sub-claus .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ave heard the parties. The arguments before us by the parties were the same as were canvassed before the Special Bench of the Bombay Tribunal in ITA No. 708(Bom)/1975-76 for the asst. yr. 1972-73 in the case of M/s Blackie & Sons (India) Ltd. The Tribunal by its order dt. 29th July, 1978 held that u/s 40(c) read with s. 40A(5) reimbursement of medical expenses, though it is not a perquisite in the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X