1979 (4) TMI 54

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....ten arguments were duly filed. (By Mr. M.H. Singhal, F.C.A., Authorised Representative of the Appellant Company). The first contention is that the AAC was wrong in sustaining disallowance to the extent of Rs. 300 out of the disallowance of Rs. 500 made by the ITO out of the general expenses relating to the M.S. Bansal & Co., set. The claim of the assessee is that the entire expenditure is fully su....