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of <h1>Tax Tribunal Upholds Deletion of Addition Due to Insufficient Evidence, Remands Capital Introduction for Verification.</h1> <h3>ADDITIONAL COMMISSIONER OF INCOME TAX. Versus PRASANT AHLUWALIA.</h3> ADDITIONAL COMMISSIONER OF INCOME TAX. Versus PRASANT AHLUWALIA. - TTJ 092, 464, Issues Involved: Appeal against CIT(A) order for asst. yr. 1995-96.Issue 1: Addition based on notings found during search operationThe AO added an amount to the income of the assessee based on notings found during a search operation. The CIT(A) deleted the addition stating lack of evidence of actual expenditure. The ITAT upheld the CIT(A)'s decision, emphasizing the rough estimates on the paper and the absence of corroborative material.Issue 2: Deletion of addition for capital introducedThe AO made an addition for capital introduced by the assessee, which was later deleted by the CIT(A) based on the submission that the amount was paid by the wife of the assessee as a loan. The ITAT remanded the issue back to the AO to verify the source of the amount and the creditworthiness of the wife.Issue 3: Deletion of addition towards household expensesThe AO estimated household expenses and added a certain amount to the undisclosed income of the assessee. The CIT(A) deleted the addition, but the ITAT partially allowed the appeal, restricting the addition to a lower amount considering the status of the assessee and lack of withdrawal evidence for household expenses.
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