9911796707
TMI Blog2001 (11) TMI 40X X X X Extracts X X X X X X X X Extracts X X X X ..... ar for the assessment year 1980-81, from 31st March to 30th September, 1979. The income considered for assessment for that year was for a period of 18 months. The assessee's claim that the specification of the sum of Rs. 72,000 under section 40(c) of the Act be increased by 50 per cent., on the ground that the limit specified in that section was normally meant to apply only to cases where the prev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ars, the duration of which exceeds eleven months. The fact that in the case of the assessee the previous year extended to 18 months is, therefore, not a ground for applying a ceiling different from the one specified in the statute. The assessee's argument that the situation in which the assessee is now placed is not one which has been visualised by Parliament, does not enable the assessee to clai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on and had incurred an expenditure of Rs. 19,760 as export inspection fees. Those claims had been disallowed by the Tribunal and the authorities below. The second question concerns the correctness of such disallowance. With regard to the expenditure on the visit of the delegation, the Tribunal has in its order observed that there was no material on record to indicate the purpose for which the dele ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deduction under section 35B(1)(b)(vi). The Tribunal was in error in not allowing that deduction. The second question, therefore, is answered partly in favour of the Revenue with regard to the expenditure incurred on the visit of the Yogoslavian delegation and partly in favour of the assessee, viz., the expenditure incurred by the assessee on the export inspection fee, which expenditure shall be e ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
