1975 (11) TMI 61

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....m of Rs. 9,000 towards under-statement of cost of construction of the ground floor of the building situated at Devi Road and a sum of Rs. 5,000 towards unexplained investment in Dichpali Sendhlli Contractors firm wherein the appellant was admittedly a partner. The assessee challenged the two additions in the appeal before the AAC. In the course of appeal hearing. it was also urged that the levy of....

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.... by the AAC. Learned counsel for the assessee has contended that the sustenance of the addition of Rs. 7,500 was not justified in law, if the theory of intangible additions was kept in view by the AAC. It appeared that the additions made in the past five years amounted to about Rs. 22,000. Making allowance for the expenditure on the part of the assessee towards taxes etc. from the intangible addit....