1999 (2) TMI 688

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..... reference in T.C. No. 700 of 1984 is placed before us to answer the following question : In view of the decisions of the various High Courts, including this Court cited supra, whether this Court was correct in rendering its decision in V. Guruviah Naidu Sons v. CIT [1995] 216 ITR 1561 while interpreting the provisions of section 35B(1)(b)( iii) of the Income-tax Act, 1961 ( the Act ) ? 2. .....

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..... o weighted deduction on packing materials. Since the other part of the question is the subject-matter of consideration before the Full Bench, this matter has also been placed before us for consideration. 4. The learned counsel for the respondent submits that the decision of the Division Bench of this Court in V. Guruviah Naidu Sons case (supra) is held to be wrong and overruled by the Suprem .....

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