2005 (3) TMI 411

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..... 2. The first issue raised is against the sustained addition out of capital gains at Rs. 1,65,447. 3. The AO had made total addition of Rs. 2,00,281 and the assessee had declared capital gain of Rs. 84,500 on account of sale of piece of land situated at Abadi land measuring 19,208 sq. ft. purchased at the rate of Rs. 101 per sq. ft. This land was sold by dividing it into 10 equal plots to 1....

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.... produced by the assessee in relation to plot No. 75 situated just adjacent to the plot in question which measured 4,500 sq. ft and was sold for Rs. 6,000 in 1982 and computed the capital gains at Rs. 1,65,443. 4. The assessee is still aggrieved and submits that the calculation by the CIT(A), by wrongly computing and comparing the land in question with other land is not proper. The learned Auth....

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....Rs. 101 in 1973. 5. After hearing both the learned parties, I am convinced by the submissions of the learned Authorised Representative to the effect that the comparison has been made of uncomparables. There is some mistake in the assumption of 10 bigas of land when the assessee has vehemently refuted that he did not purchase 10 bigas of land. There is definitely a difference of value of the agr....

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.... 10,781 26,427 24,837 Travelling 4,516 5,050 12,413 3,283 Vehicle repairing 3,691 16,733 26,870 15,116 Depreciation 5,293 11,822 44,557 13,015 Withdrawal for household exp. 23,311 29,956 37,500 29,590  8. The various expenses disallowed are placed at p. 2 of assessment order and the same are extracted as below: Descripti....