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TMI Blog2005 (3) TMI 411X X X X Extracts X X X X X X X X Extracts X X X X ..... ins at Rs. 1,65,447. 3. The AO had made total addition of Rs. 2,00,281 and the assessee had declared capital gain of Rs. 84,500 on account of sale of piece of land situated at Abadi land measuring 19,208 sq. ft. purchased at the rate of Rs. 101 per sq. ft. This land was sold by dividing it into 10 equal plots to 10 persons at a cost of Rs. 2,50,000 in the financial year 1997-98 and the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plot in question which measured 4,500 sq. ft and was sold for Rs. 6,000 in 1982 and computed the capital gains at Rs. 1,65,443. 4. The assessee is still aggrieved and submits that the calculation by the CIT(A), by wrongly computing and comparing the land in question with other land is not proper. The learned Authorised Representative, Shri N.R. Mertia, has vehemently argued that the land which h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... submissions of the learned Authorised Representative to the effect that the comparison has been made of uncomparables. There is some mistake in the assumption of 10 bigas of land when the assessee has vehemently refuted that he did not purchase 10 bigas of land. There is definitely a difference of value of the agricultural land and a piece of plot, which is situated in the residential colony. I ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 27 24,837 Travelling 4,516 5,050 12,413 3,283 Vehicle repairing 3,691 16,733 26,870 15,116 Depreciation 5,293 11,822 44,557 13,015 Withdrawal for household exp. 23,311 29,956 37,500 29,590 8. The various expenses disallowed are placed at p. 2 of assess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ains to the sustenance of addition of Rs. 20,000 on account of low household withdrawal made by the AO. 11. The assessee s family consisted of 4 members including minor for which assessee incurred Rs. 29,590 towards household expenses. The assessee lives in an old ancestral house along with other family members. The assessee HUF possesses agricultural land from which various consumable items are ..... X X X X Extracts X X X X X X X X Extracts X X X X
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