2002 (8) TMI 92

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..... ance of the Revenue is, "whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in directing the Assessing Officer to recompute the D.I.T. relief admissible to the assessee on the income derived from the foreign branch at Bangkok without reducing the deduction allowable under section 35B of the Income-tax Act, 1961?". The assessment year is 1 .....

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..... arch 1, 1983. That amendment came into force with effect from April 1, 1983. As the assessment year with which we are concerned is 1984-85, the assessee is not entitled to claim any relief under section 35B in relation to the expenditure incurred on or after March 1, 1983. The question referred to us is, therefore, answered in favour of the Revenue and against the assessee.
Case laws, Decision .....

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