1986 (4) TMI 116

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....1980-81 whereby the addition of Rs. 24,000 was deleted. 2. In the year 1976, the assessee was allotted a shed in the New Okhla-I Industrial Complex by the Delhi Small Industries Development Corporation Ltd. (DSIDC for short) on a monthly rent. During the year under consideration no rent of the said shed was paid by the assessee but in the revised return of income she claimed a deduction of Rs. ....

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....nd the amount claimed by the assessee tantamount to payment towards the price of the shed. On the other hands, the authorised representative for the assessee has admitted that though such an assurance was issued by the Lt. Governor ofDelhibut nothing has materialised as yet and no hire purchase scheme has come into being. He has invited our attention to Paper No. 1 of the paper book, which is the ....

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.... assurance the assessee is claiming that the shed in question should be transferred to her on hire purchase basis and the payments already made by her should be adjusted towards price of the shed. There is nothing on record to suggest whether anything concrete has come into existence after the said assurance has been issued by the Lt. Governor ofDelhi. In case the shed is to be transferred to the ....