Court : Income Tax Appellate Tribunal ITAT Mumbai
Reported in : (1982)2ITD78(Mum.)
..... it. the argument proceeds on the basis that when the legislature has restricted the allowance of expenditure in a particular manner, the same standard or norm should be applied while giving weighted deduction under section 35b. the learned departmental representative also contended that section 40(c) opens with a non obstante clause wherein sections 30 ..... is entitled to the entire expenditure-of-one-third of the same, ignoring the ceiling. we are clearly of the view that there cannot be a different standard for allowing the expenditure under section 35b. it is not as though rs. 72,000 is allowed as regular expenditure by applying section 40(c) and ..... the statutory ceiling, a part of the expenditure was disallowed. so far as section 35b is concerned, the entire expenditure incurred for business purposes is entitled to weighted deduction. according to mr.vyas, section 40(c) operates on a different field and the situation contemplated therein can have no application to the situation arising .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Mumbai
Reported in : (1998)65ITD380(Mum.)
..... , the same was invariably done at the cost of central excise revenue. here another sub-brand having a different permutation or combination of suffixes like 'premium', 'special', 'standard', 'regular', etc. to the generic name of a brand introduced at an even lower printed price, but was once again available to the consumer at the price of ..... derived from the french word 'bias' meaning oblique as opposed to straight. the english term 'bias' has reference to the game of bowls wherein it means the weight on one side of a bowl, which gives it a tendency to diverge from straight line when running. hence, the word has come to mean prejudice; show of ..... converted to specific rates in a graded scale according to slabs, which were relatable to the maximum price required to be printed on the retail packs in compliance with weights and measures (packaged commodities) rules, 1977. progression in duty burden was sought to be maintained by adopting telescopic rate structure. for every entries of five paise .....
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