1981 (7) TMI 108 - AT - Income Tax

Summary

The appeal involved two points:
1. Car expenditure and depreciation: Disallowance by ITO was not necessary as the managing partner made sufficient disallowance for personal use. Disallowance made by ITO was deleted.
2. Expenditure connected with Income-tax proceedings: Disallowance of Rs. 5,193 was deleted as it was a business expenditure falling under section 37 of the IT Act, 1961.