1982 (4) TMI 174 - AT - Income Tax

Summary

The appeal was filed by M/s. Narayan & Co., Madras, against the order of CIT (Appeals)-II, Madras for asst. yr. 1980-81. The assessee replaced a worn-out petrol engine with a diesel engine in their van, and the ITAT MADRAS-A allowed the claim of Rs. 23,250 as revenue expenditure, directing the ITO to make consequential adjustments.