RATHI GUM INDUSTRIES Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THE Income-tax Appellate Tribunal, Jaipur Bench, Jaipur, at the instance of the assessee, has referred the following question of law for the opinion of the High Court :

(2.) THERE was a divergence of the opinion of various High Courts on the question : which expenses qualify for any deduction under Section 35B of the Act ? The Central Board of Direct Taxes, therefore, issued the following guidance to the authorities subordinate to it. Instruction No. 1441, issued by the Central Board of Direct Taxes reads as under :