1980 (6) TMI 62 - AT - Income Tax

Summary

The appeal was filed by the ITO against the CIT (A)'s order dated 28th Feb., 1979 for the assessment year 1976-77. The firm had two separate periods for income, but the ITO made a composite assessment. The Commissioner ruled in favor of separate assessments for the two periods. The Tribunal upheld the Commissioner's decision based on the Allahabad High Court's view in Badri Narain Kashi Prasad case. The appeal was dismissed. (Case: Appellate Tribunal ITAT DELHI-D, Citation: 1980 (6) TMI 62 - ITAT DELHI-D)