1997 (8) TMI 26

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..... rred by the Income-tax Appellate Tribunal, Amritsar (for short, "the Tribunal"), at the instance of the Commissioner of Income-tax under section 256(1) of the Income-tax Act, 1961 (for short, "the Act") : "Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the assessee is entitled to the allowance of weighted deduction under section 35B in re .....

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..... ted deduction. The controversy is no more res integra in the light of this court's order dated July 30, 1997, in Income-tax Reference No. 100 of 1982 in the case of the assessee itself relating to the assessment year 1976-77. The question has been examined by this court and it has been held that the assessee was entitled to get weighted deduction on the payment made to the Export Credit Guarante .....

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