various nature met out of undisclosed income on account of low withdrawal for household expenses."
3. The total undisclosed income for the respective assessment ... similarly additions have been made on account of low withdrawals without there being any material to establish that the assessee has incurred more expenditure than
various nature met out of undisclosed income on account of low withdrawal for household expenses."
3. The total undisclosed income for the respective assessment ... similarly additions have been made on account of low withdrawals without there being any material to establish that the assessee has incurred more expenditure than
unjustified and the same may be deleted.
5. Addition on account low withdrawals unjustified- Rs.1,50,000 /-
i. The Ld. CIT(A) erred ... making addition
of Rs.1,50,000/- on account of low withdrawals without appreciating the facts
and circumstances of the case. The Appellant, therefore, prays
assessee had confronted as to why addition on account of low withdrawals be not made. An explanation was furnished before the AO which has been ... regular assessment no addition has been made on account of low withdrawals. From the fact that no addition was made in the regular assessment
addition of Rs. 1,29,500 on account of low withdrawals. The Assistant Commissioner has stated in the assessment order that the assessee has made ... withdrawals made in the earlier years, it could not be said that the withdrawals made in these two years were ridiculously low
challenges the addition made by the assessing officer on account of low withdrawals. In ground No. 5, the figure of addition was mentioned ... additional income. In other words, the assessee admitted low withdrawals to the tune of Rs. 2,60,000 as could be seen from
Rupinderdeep Singh, Ludhiana vs Assessee on 15 January, 2014
IN THE INCOME TAX APPELLATE TRIBUNAL
addition can be made on whims &
surmises for alleged low house hold
withdrawals within the meaning of
unexplained expenditure. The learned ... different sources, addition
can't be made on account of low withdrawals".
The Hon'ble Tribunal also noted that without
any material
income of the assessee & his
sons on account of low withdrawals for house hold expenses met out
of income from undisclosed sources.
However, taking ... family was contributing towards house hold
expenses, addition on account of low withdrawals is spread over and
1/7th of the same is added
addition of Rs.13,100/- was
made for low withdrawals for household expenses. The AO further added that
household expenses are estimated besides any contribution ... Thus,
their will be an addition of Rs.13,l00/- for low
withdrawals for house hold expenses. The household
expenses as estimated above are besides
