1976 (8) TMI 58 - AT - Income Tax

Summary

The Appellate Tribunal ITAT COCHIN ruled in favor of the assessee regarding vacancy allowance for a property. The CIT's direction to compute income was rejected, and the assessee was deemed entitled to the vacancy allowance for the period in question. The Tribunal held that the period in question fell within the accounting year, so no reference to the High Court was necessary. The application was rejected.