1992 (12) TMI 114 - AT - Income Tax

Summary

The appeal was filed by the assessee against the order of the CIT(A), Belgaum, regarding deduction under s. 37(2A) before s. 32A. The ITAT Pune directed the Assessing Officer to recompute the deduction under s. 37(2A) with reference to profits and gains before allowing deduction under s. 32A. The appeal was allowed. (Case: Appellate Tribunal ITAT PUNE, Citation: 1992 (12) TMI 114 - ITAT PUNE)