https://www.taxtmi.com/caselaws?id=64663 Income-tax additions based on alleged insufficiency of household expenses and on travelling, conveyance and stamp duty were deleted because both estimates rested on conjecture and surmise without supporting material. The declared household expenditure was not shown to be excessive, and no record justified an adverse inference. On interest under section 217, the matter was remanded because the assessment order did not address it and the assessee had not been given a proper opportunity to explain before any charge was imposed. The discussion states that fiscal additions cannot stand on mere suspicion and that adverse tax consequences must be preceded by a fair hearing. en-us Sat, 11 Dec 1982 00:00:00 +0530 Wed, 09 Feb 2011 12:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64663 Income-tax additions based on alleged insufficiency of household expenses and on travelling, conveyance and stamp duty were deleted because both estimates rested on conjecture and surmise without supporting material. The declared household expenditure was not shown to be excessive, and no record justified an adverse inference. On interest under section 217, the matter was remanded because the assessment order did not address it and the assessee had not been given a proper opportunity to explain before any charge was imposed. The discussion states that fiscal additions cannot stand on mere suspicion and that adverse tax consequences must be preceded by a fair hearing. Case-Laws Income Tax Sat, 11 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64663