1984 (9) TMI 81

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.... appeal before us. Both the parties stated before us that the question of determination of the A. L. V. of the above property had come up for the consideration of the Tribunal in the case of Shri Ajay Singh, the son of the assessee, who is also his legal representative. The Tribunal in its order dt. 4th June 1983 in I.T.A. No. 656 (Alld)/1982, had held that the annual letting value could be taken equal to the rent actually received from Hotel Ajay. Following the aforesaid order, we give the same direction to the ITO in the year under appeal also. 3. The next contention relates to the addition of Rs. 14,000 for unexplained household expenses and Rs. 34,3622 as income from other sources. They are both linked and hence are dealt with these ....

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....d expenses or for investments. The IAC did not accept the assessee's submission for two reasons. In the first place, according to him, the withdrawals for house-hold expenses in different years were low and in the second place the opening and closing balances shown in the charts were hypothetical figures. As per the directions of the IAC, the ITO held, that the assessee had failed to explain the source of the investment of Rs. 34,362. He included this amount in the assessment as the assessee's income. The ITO also, as per the directions of the IAC, estimated the assessee's household expenses at Rs. 20,000 and the unexplained amount at Rs. 14,000. This was also included in the assessment as the assessee's income. 6. The assessee appealed ....