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2021 (9) TMI 741 - AT - Income TaxAddition u/s 153C - absence or presence of incriminating material - Addition of household expenses - HELD THAT:- On going through the order of the AO we do not find mention of any incriminating material relating to household expenses to have come in his possession to show that the same were being incurred from undisclosed sources. Except for the fact that the son of the assessee stated that household expenses were taken care of by his mother, the assessee, and the fact that nature of certain expenses incurred were brought to light as being incurred on children’ s education, servants, cars maintained etc., nothing else finds mention in the order of the AO or even the CIT(A), showing that household expenses were incurred by the assessee way beyond her disclosed sources. There is no mention as to how he arrived at the conclusion of undisclosed expenses being to the tune of ₹ 25, 000 /- per month, which fact is affirmed by the LD. CIT(A) also when he states that there was no basis for the estimation made by the AO. We find that the son of the assessee, the searched person, had given details of various household expenses and justified the source of the same, giving details and source of payments of various expenses, but there is no mention in the orders of the authorities below as to how the expenses stated to have been incurred did not justify the lifestyle of the assessee. It is but evident that there was no incriminating material pertaining to and justifying the addition made in the present case. - Decided in favour of assessee.
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