1978 (9) TMI 78 - AT - Income Tax

Summary

The Appellate Tribunal ITAT BOMBAY-B dismissed the departmental appeal related to the assessment of the assessee for the year 1972-73. The AAC's decision to delete estimated income of Rs. 21,600 without basis was upheld. A similar order for the assessment year 1973-74 was also dismissed. The application under section 146 was deemed infructuous due to the merger of the assessment order. The appeal was dismissed based on the similarity of facts with the previous year.