Repair expenditure disallowed as allegation not negated by assessee

A. Vijayakant Vs ACIT (ITAT Chennai)

Held that repair expenditure of propaganda van, a gifted vehicle, was alleged to be met by the donor. The onus was on assessee to negate the allegation of revenue. However, no such onus was discharged. Disallowance of expenditure justified.

Facts-

Wealth tax-

The assessee was confronted with the fact that the assessee had returned entire property as his own building in the wealth tax appellate proceedings. The fact that the co-owners were employees of the assessee and had no source to purchase the property, was also confronted. However, the replies remained evasive. Consequently, the assessee was held to be the sole owner of the property.

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