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TMI Blog1981 (9) TMI 42X X X X Extracts X X X X X X X X Extracts X X X X ..... stance of the Commissioner by the Income-tax Appellate Tribunal, Bombay Bench 'C'. For the assessment years 1963-64 and 1964-65 : " (1) Whether, on the facts and in the circumstances of the case, the assessee is entitled to relief under section 84 of the Income-tax Act, 1961 ?" For the assessment year 1963-64 : " (2) Whether, on the facts and in the circumstances of the case, the following s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1968 (CIT v. Merck Sharp Dohme of India Ltd. [1983] 140 ITR 334 (Bom)) for this very assessee where the decision of this court in CIT v. Bayer Agrochem Ltd. [1982] 134 ITR 240 (Bom) has been followed. In accordance with the said decision, question No. (1) is answered in the affirmative and in favour of the assessee. As far as items (b) and (c) of question No. (2) are concerned, we are referred ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... invitation cards, construction of a shamiana, hiring of furniture and transport. The aggregate expenditure came to Rs. 19,096. The question was whether this could be allowed as revenue expenditure. The ITO disallowed it. The AAC, in the course of appeal, did not agree with the conclusions of the ITO stating that no new asset had been obtained or acquired by the assessee. He also found that the exp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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