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The Commissioner of Income Tax, Bombay City-III Versus Allana Sons (P) Ltd.

2015 (6) TMI 143 - BOMBAY HIGH COURT

Eligibility for export market development allowance u/s. 35B - interest paid on packing credit - Held that:- The question of law is answered in favour of the Revenue and against the assessee. The weighted deduction cannot be granted on the interest p .....

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s. Commissioner of Income Tax, Central Range-II (2009 (1) TMI 5 - BOMBAY HIGH COURT)- Decided against assesse. - Income Tax Reference No. 459 of 1998 - Dated:- 7-5-2015 - S. C. Dharmadhikari And A. K. Menon,JJ. For the Appellant : Mr Suresh Kumar For .....

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mmissioner of Income Tax requiring the Tribunal to refer the following question of law. That question of law arises out of the order of the Tribunal dated 23rd May, 1988 in Income Tax Appeal 42/(Bom)/1985 : "Whether on the facts and in the circu .....

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d company. The assessment year involved is 1977-78 for which the accounting year ended on 31st January, 1976. The Income-tax Officer while computing the total income of the assessee allowed deduction under section 35B of ₹ 5,68,756/-. This amou .....

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directed that expenditure on entertainment of foreign customers should be considered for weighted deduction. Before the Tribunal, the assessee raised a claim for weighted deduction on packing credit which the Tribunal allowed following a judgment of .....

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for opinion and answer of this Court. 3. When this Reference was placed before us today for hearing and final disposal, the Revenue cited the Division Bench judgment of this Court in the case of KEC International Ltd. vs. Commissioner of Income Tax, .....

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