TMI Blog1978 (6) TMI 103X X X X Extracts X X X X X X X X Extracts X X X X ..... nstruction of a house property. The assessee being questioned, explained that he invested the amount came out of agricultural income and income from house property. The ITO examined the possible saving out of agricultural income and he found that the assessee was able to save only Rs. 8,713. Accordingly, he found that unexplained investment is reduced to Rs. 29,287. The ITO was of the opinion that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sequently the addition was confirmed at Rs. 26, 287. The assessee has filed a paper-book containing the statement showing the salary received and income-tax paid since the asst. yrs. 1962-63 to 1974-75, statement showing year-wise agricultural income, copies of certificates granted by Tahsildar, Block Development Officer, Secretary, Agricultural Produce Market Committee, assessment order for the a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... artmental Representative very strongly supported to the orders of the lower authorities and urged that the saving from agriculture was determined at Rs. 15,000 during the asst. yr. 1974-75 and thus the assessee could not be allowed any further benefit. The Departmental Representative further argued that the assessee has calculated the receipt of income from salary, but the assessee has not indicat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. The assessee has contended that the AAC was not justified in allowing deduction of Rs. 8 only for municipal-tax instead of Rs. 895. The assessee has produced copies of municipal-tax receipts from which it is clear that the assessee had paid municipal-tax of Rs. 895 relating to the property from which income has been computed. However due to some mistake, the AAC has allowed a deduction of Rs. 8 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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