2014 (1) TMI 587

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... : B.R.Baskaran The assessee has filed these appeals challenging the orders passed by learned CIT(A)-IV, Hyderabad and they relate to the assessment years 2003-04 to 2007-08. The solitary and identical issue urged in all these appeals relate to the addition of Rs.40,000/- made in all the years towards low withdrawals made for domestic expenses. Accordingly, all these appeals were heard together....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s referred supra. 3. The learned counsel for the assessee submitted that the department did not unearth any incriminating material to prove that the withdrawals made by the assessee was not sufficient to meet the domestic expenses. Accordingly, by placing reliance on the decision dated 17-6-2011 rendered by Delhi special bench of ITAT in the case of All Cargo Global logistics Ltd, the Ld Counse....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ve shall not strictly apply to the impugned addition. 5. We have heard the rival contentions and carefully perused the record. We notice that the Special Bench, in the case of All Cargo global logistics Ltd (supra), has given importance to the seized materials with regard to the completed assessments, whereas in the instant case, the additions towards low withdrawals have been made both in pend....