https://www.taxtmi.com/caselaws?id=8976 Additions for personal expenses were upheld where the assessee's drawings were found too low for his status and the materials supported an inference that part of household expenditure came from undisclosed income. By contrast, a sum standing in another person's name, together with interest and dividend income, could not be taxed in the assessee's hands without affirmative proof that the apparent ownership was benami and that the funds ually belonged to the assessee. Mere rejection of the assessee's explanation was insufficient to discharge the department's burden. en-us Wed, 06 Sep 1972 00:00:00 +0530 Wed, 17 Jun 2009 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8976 Additions for personal expenses were upheld where the assessee's drawings were found too low for his status and the materials supported an inference that part of household expenditure came from undisclosed income. By contrast, a sum standing in another person's name, together with interest and dividend income, could not be taxed in the assessee's hands without affirmative proof that the apparent ownership was benami and that the funds ually belonged to the assessee. Mere rejection of the assessee's explanation was insufficient to discharge the department's burden. Case-Laws Income Tax Wed, 06 Sep 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8976