9911796707
TMI Blog1991 (12) TMI 41X X X X Extracts X X X X X X X X Extracts X X X X ..... both the assessment years under section 35B of the Income-tax Act, 1961 ("the Act" for short) : 1976-77 1977-78 Rs. Rs. 1. Packing and forwarding expenses 1,26,319 2,39,723 2. Insurance 6,166 22,763 3. Audit fees 2,500 2,500 4. Postage, telegram and telephone 22,205 40,566 5. Travelling, etc. 83,953 30,566 6. Printing and stationery 7,384 17,288 7. Advertisement 23,311 29,065 8. Salaries, wages and bonus 59,246 48,918 9. Miscellaneous expenses 54,475 60,686 The Income-tax Officer disallowed the aforesaid items of expenditure claimed by the assessee, holding that the same did not qualify for export markets development allowance or, in other words, weighted deduction as provided in section 35B of the Act. Being aggrie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... weighted Commissioner deduction deduction claimed claimed ------------------------------------------------------------------------------------------ Rs. Rs. Rs. Rs. ------------------------------------------------------------------------------------------------------------------------------------------------- 1. Packing and forwarding 1,26,000 Nil 2,39,728 Nil expenses 2. Insurance 6,166 Nil 22,763 Nil 3. Audit fees 2,500 Nil 2,500 Nil 4. Postage, telegram and 22,205 11,102 40,946 20,473 telephone 5. Travelling, etc. 83,953 57,357 30,566 Nil 6. Printing and stationery 7,384 3,692 17,298 8,648 7. Advertisement 23,311 Nil 29,065 Nil 8. Salaries, wages and bonus 59,246 44,435 48,918 36,689 9. Miscellaneous expenses 54,4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Tribunal came to be dismissed, on August 26, 1982, by a common order. By this reference under section 256(1) of the Act, the Tribunal has referred to us for our opinion the following question: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the assessee is not entitled to weighted deduction under section 35B of the Income-tax Act, 1961, in, respect of the items set out in paragraph 2 (of the statement of case)?" The appeals filed by the assessee were partly allowed by the Commissioner and he granted relief in respect of expenditure on item No. 4-Postage, telegram and telephone, No. 5-Travelling, etc., No. 6 Printing and stationery, No. 8-Salaries, wages and bonus, and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n holding that the assessee is not entitled to weighted deduction under section 35B(1) of the Act in respect of the following items : ------------------------------------------------------------------------------------------------------------------------------------------------- Sl. No. Item Assessment Assessment year year 1976-77 1977-78 ------------------------------------------------------------------------------------------------------------------------------------------------- 1. Packing and forwarding 1,26,000 2,39,728 expenses 2. Insurance 6,166 22,763 3. Audit fees 2,500 2,500 4. Postage, telegram and 11,102 20,473 telephone 5. Travelling, etc. 26,596 30,566 6. Printing and stationery 3,692 8,648 7. Advertiseme ..... X X X X Extracts X X X X X X X X Extracts X X X X
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