1980 (3) TMI 129 - AT - Income Tax

Summary

The Appellate Tribunal ITAT GAUHATI ruled in favor of the assessee company in appeals for the assessment years 1976-77 and 1977-78 regarding disallowances of vehicle expenses. The disallowances were reversed as they were not supported by relevant provisions of the IT Act, 1961. The appeals were allowed, and the addition of Rs. 700 for each assessment year was directed to be deleted.