Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (11) TMI 96 - AT - Income TaxAddition on account of low withdrawals towards household expenses – Held that:- Assessee is submitting the proof of filling the Income Tax Return of his father and mother who are regular assessee and the assessee is the only son jointly lives with his parents - assessee succeeded to substantiate his claim, pertaining to household expenses, that his retired government servant father and rental income earning mother contributed towards household expenses and the ld. CIT(A) did not properly consider this fact that the father of the assessee has withdrawn Rs.80,136/- from saving bank account and he has also withdrawn Rs.1,08,000 from his post office MIS account, total amounting to Rs.1,86,136/-, which is much higher than the estimated household expenses of Rs. 1,63,000 as added by the AO – In favor of assessee
|