1981 (6) TMI 47

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....ed on 31st March, 1977. During the accounting year, the assessee constructed a line of shops and they were let out. The total area constructed is about 24 squares. According to the assessee the cost of constructed amounted to Rs. 95,000. The sources were explained as having come out of advances from tenants to the extent of Rs. 54,000; realisation out of old materials of demolished building Rs. 13....

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....ted that the claim should have been accepted in full. The construction was started some time from August 1975 and it was completed on 10th June, 1976. Placing copies of the actual rental receipts for the years 1975-76 and 1976-77 it was submitted that the assessee could have easily found Rs. 20,000 towards cost of construction. If the rental incomes prior to the date of commencement of constructio....

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....hat the expenditure have been met by his father during the earlier stages. He should not, therefore, be permitted to raise this point at this stage. Secondly, as regards the old material, he submitted that there is absolutely no evidence. It is for the assessee to prove with evidence and in the absence of the same the estimate made by the officer and uphold by the AAC is fair and reasonable. Not e....

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....d unmarried. He was living with his father Shri Narayanappa who looked after with the household expenses. This explanation has not even been considered by the AAC. Considering the probabilities of the case I would accept the claim in view of the details of property income received by the assessee since he inherited the property from his grand-father sometime in May, 1974. As regards the old materi....