Export market development allowance to insurance company -Allowability?

HIGH COURT OF DELHI Oriental Insu. Co. Ltd. Versus Commissioner of Income-tax IT REFERENCE NOS. 113-117 OF 1998 DATE OF PRONOUNCEMENT: JANUARY 17, 2013 JUDGMENT Badar Durrez Ahmed, J. – In these references, several common questions have been referred to this Court. The assessee’s references are ITR 113/1998 and ITR 114/1998 pertaining to the assessment years 1980-81 and 1981-82, respectively. The department’s references are ITR 115/1998, ITR 116/1998 and ITR 117/1998, which pertain to the assessment years 1980-81 and 1981-82. In ITR 113/1998, which is the ass...