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2012 (7) TMI 358 - ITAT, DELHIAddition in account of undisclosed income - AO included the income of assessee's wife and in his undisclosed income - Held that:- As the assessee is held to be the owner of M/s Transworld International upto assessment year 1996-97 and his to be owner of this proprietary concern from assessment year 1997-98 the income from this concern for assessment year 1997-98 cannot included in the hands of the assessee - that the addition has been deleted in wife's case also on the ground that the transactions of proprietary concern had been taken into account and profit from this concern was declared by her at Rs. 1,04,996/- and this finding has not been challenged by the revenue - following the rule of consistency CIT(A) was right in deleting the addition. House hold expenses cannot be estimated while making assessment of undisclosed income under chapter XIVB. Thus CIT(DR) has not been able to show that any material was found in search in respect of this issue. Therefore, this ground cannot be taken up for computing undisclosed income - in favour of assessee.
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