1980 (9) TMI 112 - AT - Income Tax

Summary

The ITAT Calcutta-C partially allowed the appeal against the CIT(A) order for the assessment year 1973-74. The CIT(A) was correct in setting aside the assessment due to lack of basis for computing total income at Rs. 5 lakhs, but erred in directing the ITO to allow the assessee to produce evidence. The ITAT deleted this direction and modified the order accordingly.