2002 (7) TMI 22

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....deration and rejecting the assessee's additional ground raised in this behalf ? Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that the expenditure of Rs. 2,500 incurred by the assessee in the preparation of the income-tax return was covered by section 80VVof the Income-tax Act and, therefore, not allowable under section 37 of the Income-tax Act, 1961 ?" The assessee filed the return of income on June 22, 1982, declaring a total income of Rs. 84,66,140. The relevant assessment year is 1982-83. While making the assessment, the Assessing Officer charged interest under section 216 of the Income-tax Act, 1961. In appeal before the Commissioner of Income-tax (appeals), the Commissioner....

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....he Inspecting Assistant Commissioner had erred in not giving any reason for charging of this interest. We, therefore, find no reason for allowing the assessee to take up this ground at this stage or any substance in this ground on merits which is hereby rejected." Thereafter a miscellaneous application was filed and that was also rejected by the Tribunal on May 20, 1986. In the second question, there is a dispute regarding the claim of Rs. 16,102 spent by the assessee on legal charges paid to advocates and chartered accountants. Out of that amount, the Assessing Officer allowed only Rs. 5,000 under section 8OVV and the balance amount has been disallowed. The assessee further challenged the balance amount disallowed by the Assessing Officer....