1982 (6) TMI 87 - AT - Income Tax

Summary

The appeal was dismissed by the Appellate Tribunal ITAT CALCUTTA-A in a case where the CIT set aside the assessment order of the asst. yr. 1971-72 u/s 263 of the Act due to unverified expenses claimed by the assessee. The CIT found that the ITO had erred in allowing expenses without proper verification, leading to the setting aside of the assessment for a fresh review of facts. The appeal was ultimately dismissed.