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2021 (6) TMI 310 - AT - Income TaxAddition towards unexplained expenditure - capitation fee - HELD THAT:- Although this assessee draws salary income all along, neither the AO nor the CIT(A) have considered his cash in hand in AY. 2010-11 so as to give credit thereof before making the impugned addition. Faced with this situation, we deem it appropriate that keeping in mind the assessee's social, economic status, his salary income drawn in the earlier assessment years and past savings, a lumpsum addition of ₹ 2.5 lakhs only would be just and proper with a rider that the same shall not be treated as a precedent in any other case. The assessee gets relief of ₹ 2.5 lakhs in other words. Necessary computation to follow as per law.
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