Case Law Details
We have heard both the sides, considered the material on record and find that Assessing Officer made the impugned addition and CIT(A) confirmed the same , but inadvertently mentioned about addition of Rs.90,000/- instead of Rs.1,50,000. Since addition is on estimate basis and assessee has also given some basis for low withdrawals such as getting facilities from employer, free of cost etc, therefore, assessee deserves part relief. As such, we are of the view that it would meet the ends of justice, if the addition made and confirmed by the CIT(A) is restricted to Rs.90,000/- instead of Rs. 1,50,000/-. So, assessee gets relief of Rs. 60,000/-.
INCOME TAX APPELLATE TRIBUNAL, DELHI
ITA No. 1775/Del./2010- (Assessment Year: 2004- 05)
Shri Rajesh Goyal
Vs.
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