1978 (7) TMI 130

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e is against disallowance of Rs. 72 on account of Court expenses. We were told this amount was spent by the assessee to contest a Court case in connection with plying of taxi. In our opinion this is an admissible deduction and accordingly we delete the disallowance of Rs. 72 only. 2. The next grievance is against estimate of income from taxi at Rs. 4,000. In this account the assessee claimed lo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of taxi either before the ITO or before the AAC. Before us also the assessee's counsel could not substantiate the assessee's claim of loss. In view of that circumstances, we are of the opinion, that the lower authorities were justified in rejecting the assessee's claim of loss. The estimate of profit of Rs. 4,000 from a taxi before allowance of depreciation cannot be said to be unreasonable. We, ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on account of W.D.V. from the sale price of Rs. 45,000 and thereby made addition of Rs. 1,432 as income under s. 41(2) of the Act. 6. This action of the ITO was confirmed by the AAC on appeal. 7. Before us, the learned counsel for the assessee contended that the ITO should not have disbelieved the voucher produced before him showing purchase of parts from K.V. Rao without bringing any materi....