1980 (11) TMI 65 - AT - Income Tax

Summary

The appellate tribunal in ITAT Ahmedabad-C case of 1980 (11) TMI 65 addressed two points in the appeal by an individual assessee for the assessment year 1973-74. The first point concerned the addition of Rs. 560 related to a fixed deposit from an insurance policy, which was deemed not taxable. The second point involved the disallowance of Rs. 500 for tea expenses, which was also overturned as not covering personal expenses. The appeal was allowed.