1979 (9) TMI 123 - AT - Income Tax

Summary

The appeal is by an individual assessee against the order of the AAC of IT, Ranchi Range, Ranchi, for the assessment year 1976-77. Disallowance of consultation fee of Rs. 6,000 was challenged. The ITAT allowed the appeal, stating that the payment to the engineer was justified. Relief under s. 80J on borrowed capital was also granted, contrary to the AAC's decision. The appeal was allowed in full.