1981 (6) TMI 45

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... M/s. Kohinoor Paints Pvt. Ltd. The assessee was given a territory of Kashmir, Rajasthan, M.P. etc. in which he was to solicit business from Government departments and others. The assessee did not maintain any accounts or particulars of expenditure incurred and claimed the expenses on travelling and other heads on an estimate. The assessee put that percentage at 40 per cent. The ITO considered 30 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X