https://www.taxtmi.com/caselaws?id=61150 Adverse inference from partners' household withdrawals, without a specific item or defect showing undisclosed income of the firm, cannot sustain an addition in the assessee's hands. The Tribunal held that low or excessive withdrawals by partners, by themselves, were insufficient to justify the balance addition, because the record did not establish any concrete income belonging to the firm for the assessment year. The addition was therefore deleted and relief was granted to the assessee. en-us Wed, 14 Oct 1981 00:00:00 +0530 Tue, 11 Jan 2011 11:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61150 Adverse inference from partners' household withdrawals, without a specific item or defect showing undisclosed income of the firm, cannot sustain an addition in the assessee's hands. The Tribunal held that low or excessive withdrawals by partners, by themselves, were insufficient to justify the balance addition, because the record did not establish any concrete income belonging to the firm for the assessment year. The addition was therefore deleted and relief was granted to the assessee. Case-Laws Income Tax Wed, 14 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61150