1980 (10) TMI 82

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he purchase of stabilisers to be used in connection with the old air condition machines was claimed by the assessee as a revenue item of expenditure but disallowed by the ITO. A sum of Rs. 1,938 advanced as a customary loan to one of his employees who left the service without notice and could not be traced was claimed as bad debt. These and an amount of Rs. 400 on account of the expenses were disa....