1983 (2) TMI 322

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....79 against the order of the Commissioner (Appeals) sustaining the addition of ₹ 6,000 made on account of low withdrawals for the household expenses by the ITO. The assessee showed total withdrawals of ₹ 13,818 and out of that the assessee paid income-tax and LIC premium of ₹ 4,117 and ₹ 3,700 respectively. Thus, the balance of ₹ 5,971 remained with the assessee for ho....

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..... We agree with Shri Ranka. The assessee having been in possession of the income ₹ 75,000 outside the books, household expenses would have been met out of that income and there is no need to make any separate addition for household expenses. We, therefore, delete the addition of ₹ 6000, though we agree that the ITO rightly estimated the household expenses at ₹ 12,000. 2. The ass....