1983 (2) TMI 322

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....sessee for the assessment year 1978-79 against the order of the Commissioner (Appeals) sustaining the addition of Rs. 6,000 made on account of low withdrawals for the household expenses by the ITO. The assessee showed total withdrawals of Rs. 13,818 and out of that the assessee paid income-tax and LIC premium of Rs. 4,117 and Rs. 3,700 respectively. Thus, the balance of Rs. 5,971 remained with the....

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.... agree with Shri Ranka. The assessee having been in possession of the income Rs. 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 Rs. 6000, though we agree that the ITO rightly estimated the household expenses at Rs. 12,000. 2. The assessee also rai....