1998 (11) TMI 110

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..... he assessment year 1979-80 has been referred for opinion by the Income-tax Appellate Tribunal, Chandigarh Bench (for short, "the Tribunal") : "Whether, on the facts and in the circumstances of the case, on the proper interpretation of section 35B of the Income-tax Act, 1961, the Appellate Tribunal was right in law in allowing weighted deduction on the following items of expenditure : .....

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..... arly, a sum of Rs. 10,952 was paid by the assessee to the Handicrafts and Handloom Export Corporation (HHEC) at one per cent. on the export sales. Another sum of Rs. 1,850 was paid to the Hosiery Exporters Association, Ludhiana (HEA). The Assessing Officer took the view that the aforesaid payments were in the nature of contribution or subscription to various agencies and did not qualify for dedu .....

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