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TMI Blog1984 (9) TMI 81X X X X Extracts X X X X X X X X Extracts X X X X ..... on 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 together. 4. The ITO found that the assessee had made certain deposits in his acco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wo 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 to the CIT (A). It was submitted before him that the IAC was not correct in holding t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... connection, we agree with the findings of the CIT (A) that the withdrawal of all the members of the family had to be taken into account for finding out whether the expenses claimed to have been incurred for running the house were reasonable. Admittedly, their withdrawals and agricultural income come to Rs. 36,000. This has been considered as a reasonable sum by the CIT (A) for meeting the household expenses and we agree with him. Once the household expenses are accepted, there remains nothing in the cash flow charts to doubt its veracity. The various investment found by the ITO are reflected in the chart and have, therefore to be accepted. We, therefore, uphold the finding of the CIT (A) deleting the additions of Rs. 14,000 and Rs. 34,262. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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