1984 (7) TMI 203

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..... ,490. The assessee exports engineering goods. The CIT (A) in the assessee's appeal, against the ITO's disallowance had accepted the assessee's claim regarding this item following his appellate order for the earlier year. 2. We have heard the parties. The CIT (A)'s finding has to be upheld following the ratio of the Special Bench decision in the case of J. Hemchand Co. vs. Second ITO in ITA Nos .....

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..... 's claim regarding this item on the ground that such expenditure is incurred for obtaining information in respect of foreign markets. We agree with the CIT (A). Such expenditure would fall under sub-cl. (ii) of s. 35B(1)(b) as also under sub-cls. (i) and (vi) as held in the Special Bench's decision cited above. 4. In the result, the Department's appeal fails and is dismissed. - - TaxTMI - TMI .....

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