1981 (6) TMI 98

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....r asst. yr. 1977-78. 2. The assessee is the proprietor of a medical shop in the name of Vani's Pharmacy at Chidambaram. He owns 8.51 acres of wet lands in Chidambaram area, 3.32 acres of wet lands in Usupur Village and 51 cents of dry land in the same village. He maintains accounts for the medical shop as well as for the income and expenditure from the agricultural operations. The capital account....

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....d the addition. In the departmental appeals, it is claimed that the income disclosed is abnormal in relation to the holdings. The ld. representative for the assessee, in reply, contended that the addition made for asst. yr. 1975-76 as confirmed by the AAC was only Rs. 3,413 out of Rs. 43,143. For asst. yr. 1976-77 the income of Rs. 31,120 was accepted by the ITO himself. It was contended that the ....