9911796707
TMI Blog1978 (7) TMI 130X X X X Extracts X X X X X X X X Extracts X X X X ..... is amount was spent by the assessee to contest a Court case in connection with plying of taxi. In our opinion this is an admissible deduction and accordingly we delete the disallowance of Rs. 72 only. 2. The next grievance is against estimate of income from taxi at Rs. 4,000. In this account the assessee claimed loss of Rs. 8,004 on receipt of Rs. 4,250. In the absence of log book, the ITO reje ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ounsel could not substantiate the assessee's claim of loss. In view of that circumstances, we are of the opinion, that the lower authorities were justified in rejecting the assessee's claim of loss. The estimate of profit of Rs. 4,000 from a taxi before allowance of depreciation cannot be said to be unreasonable. We, therefore, do not find any reason to interfere with the order of the AAC on this ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Rs. 1,432 as income under s. 41(2) of the Act. 6. This action of the ITO was confirmed by the AAC on appeal. 7. Before us, the learned counsel for the assessee contended that the ITO should not have disbelieved the voucher produced before him showing purchase of parts from K.V. Rao without bringing any material on record to show that the voucher was not genuine. He pointed out that even t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d not brought any material on record to show that the voucher from Sri. K. Venkatrao showing purchase of motor parts by the assessee was not genuine. In view of these facts, we hold that the assessee's claim of loss on sale of truck was arbitrarily rejected by the lower authorities. Accordingly, the addition of Rs.1,432 is deleted. 9. No other ground was pressed. 10. In the result, the appea ..... X X X X Extracts X X X X X X X X Extracts X X X X
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