1980 (7) TMI 124 - AT - Income Tax

Summary

The ITAT Bombay-D upheld disallowances of entertainment expenses except for small amounts. Additional ground raised by the assessee was not pressed. Departmental appeal rejected objection to allowance of discount and bad debts. CIT (A) directed revision of assessment for bad debts claim, which was upheld by ITAT. Assessee's appeals partly allowed, Departmental appeal dismissed.