Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1994 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1994 (12) TMI 133 - AT - Income TaxExtract: .......always be some in any business, the Assessing Officer can look into it objectively as to its fairness, reasonableness as also whether it is commensurate with the business of the assessee or not, both as regards volume as well as the nature of business. We accordingly direct that Rs. 500 may not be disallowed. 10. In the result, the appeal succeeds.
|