1979 (1) TMI 160 - AT - Income Tax

Summary

The ITAT MADRAS-A heard two appeals by the assessee related to the asst. yr.1974-75. The first appeal was against the rejection of the assessee's application under s. 146, and the second appeal was against the reduction of Income from Rs. 25,000 to Rs. 12,000 in quantum proceedings. The ITAT accepted the assessee's petition under s. 146, canceled the assessment, and directed the ITO to make a fresh assessment. The appeal against the quantum was dismissed as the assessment was to be re-done.