1993 (11) TMI 241

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....g the relevant assessment years 1988-89 and 1989-90 the respondent worked as the agent of the Life Insurance Corpn. of India and received the payment of commission. The respondent did not maintain any books of account regarding the expenses incurred by them in respect of the agency business done by the respondent. In view of modified instructions issued by the Board contained in circular dated 6-6....