1981 (9) TMI 197 - AT - Income Tax

Summary

The appeals regarding the disallowance of expenses for the asst. yrs. 1975-76, 1977-78, and 1979-80 were consolidated and disposed of together by the ITAT MADRAS. The disallowance was based on lack of details provided by the appellants. The tribunal set aside the assessments and remanded the case to the Asstt. Commr. for further examination, allowing one more opportunity to produce evidence. 50% of the institution fee shall be refunded.