9911796707
TMI Blog2001 (4) TMI 30X X X X Extracts X X X X X X X X Extracts X X X X ..... . The question identical to the first question was considered in a case concerning the same assessee in T. C. No. 846 of 1993-CIT v. Ashok. Leyland Ltd. [2001] 250 ITR 452 (Mad), decided on February 21, 2001, wherein, it was held that except the fee paid by the assessee to the export promotion council, the other 'claims for weighted deduction, viz., salary paid to its employees engaged in export w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... answering the new plea are available on record. That part of the question is answered against the Revenue. So far as the second part of the second question is concerned, regarding the entitlement of the assessee to claim the benefit of section 35B of the Act for the interest paid to the bank on export bill discounted, that part of the question has to be answered in favour of the Revenue in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stood for the relevant assessment year. The Tribunal took the view that the computation required to be made therein was to be made in respect of the travels of the employee during the assessment year, and not in respect of each travel. The Tribunal, in our view, was not correct in so holding. Rule 6D of the Rules, as it then stood, refers to expenditure incurred by an assessee in connection with t ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
