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2016 (3) TMI 234 - AT - Income TaxAddition on low household expenses - Withdrawals for meeting the household expenses - Held that:- Details of withdrawals for meeting the household expenses were submitted before the lower authorities by the assessee, however, the same were just brushed aside and ad-hoc addition of ₹ 4 lakhs was ordered by the AO. We take note that the AO has made the addition on account of low household expenses without any material before him and the impugned addition is a product of pure guesswork and can be safely inferred that the impugned addition is not based on any specific valid reason or documents or enquiry report brought on record. CIT (A) has erred to sustain the impugned addition without any material on record to justify the low household expense. In view of the above, we are of the opinion that the Ld. CIT (A) erred in upholding the addition made by the AO on account of low household expenses and accordingly, we delete the addition - Decided in favour of assessee.
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