1981 (12) TMI 80

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..... The AAC of Income-tax (AAC for short)vide his consolidated order dt. 13th Dec., 1981, partly retained the disallowance made by the Income-tax Officer(ITO for short) on account of messing expenses which were treated as entertainment expenses. 2. We have heard both the sides. We have perused the papers placed before us. Admittedly, the assessee derived income from dalali on cotton, hundi and ho....