2012 (8) TMI 272

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....ravelled to Chicago, USA, in the month of May 2004 to visit her brother. On being called upon to explain the source of incurring of such travel expenses, it was stated that all the expenses in respect of this trip, including air tickets, were borne by her brother. The AO found that to and fro air tickets were booked through A.K. Travel & Tours Pvt. Ltd. for Rs.51,171/- and the payment was made in cash. In the absence of any explanation forthcoming from the side of the assessee, the AO held such expenditure to have been incurred out of undisclosed income. He further estimated foreign tour expenses at Rs.2,00,000/- This resulted in an addition of Rs.2,51,171/-. No relief was allowed in the first appeal. 4. After considering the rival submi....

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.... estimated the household expenses incurred by the assessee at Rs.2,00,000/-. After allowing deduction for the withdrawals shown at Rs.8,757/-, he made addition of Rs.1,91,243/-, which came to be affirmed in the first appeal. 7. Having heard the rival submissions and perused the relevant material on record, it is observed that despite repeated requests, the assessee did not furnish the details of household expenses incurred. Even the study expenses of her son in USA were not properly indicated. When all the relevant facts and circumstances including the total family withdrawals and the income declared by the assessee are concerned, we find that the contention of the assessee towards household expenses is not capable of acceptance. In the ....

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....Dollars from Rashmi B. Sheth. No evidence worth the name has been adduced in support of gift of 5,000 Dollars made by Rashmi Sheth, either before us or the authorities below. A perusal of the copy of bank statement of Rashmi Sheth shows that there is no withdrawal for 5000 dollars from his account. We, therefore, uphold the addition of Rs.2,17,510/- claimed to have been received in the form of 5,000 Dollars. The other part of the credit to the capital account of the assessee is 10,000 Dollars claimed to have been sent by Rashmi Sheth to the assessee, which amount was credited in the bank account of the assessee on 23-3-2005 by a sum of Rs.4,35,953.31. The ld. AR invited our attention towards Certificate of Foreign Inward Remittance issued b....