https://www.taxtmi.com/caselaws?id=186361 Undisclosed trading income available to the assessee can justify household expenditure, so a separate addition for low household withdrawals was not warranted and the addition was deleted. The reference under section 144B was valid because the variation between returned income and assessed income exceeded the statutory threshold, so the draft assessment procedure was properly invoked. The commentary notes that the household-expense issue favoured the assessee, while the procedural objection to section 144B failed. en-us Mon, 21 Feb 1983 00:00:00 +0530 Thu, 15 Sep 2016 14:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186361 Undisclosed trading income available to the assessee can justify household expenditure, so a separate addition for low household withdrawals was not warranted and the addition was deleted. The reference under section 144B was valid because the variation between returned income and assessed income exceeded the statutory threshold, so the draft assessment procedure was properly invoked. The commentary notes that the household-expense issue favoured the assessee, while the procedural objection to section 144B failed. Case-Laws Income Tax Mon, 21 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186361