1981 (3) TMI 116

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....nbsp;                The assessee filed a return of income for the asst. yr. 1977-78 declaring income at Rs. 47,701. The ITO completed the assessment on2nd August, 1977on Rs. 66,429 and in doing so he disallowed three items, namely (1) Rs.3,518 bad debts (2) Rs.14,856 being shop-cum-lunger expenses; and (3) Rs. 354 on ac....

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....laimed had been allowed by the ITO u/s 143(1) for the asst. yr. 1976-77 by order dt.2nd July, 1976and u/s 143(3) for the asst. yr.1978-79 by order dt.10th August, 1979. He also relied on the order of the Tribunal in ITA No. 63(Nag.) 1979 dt.10th April, 1980 wherein similar circumstances the assessee's claim u/s 154 was accepted. The ld. Deptl. Rep. Relied on the order of the authorities below. ....