2003 (1) TMI 643 - AT - Income Tax

Summary

The ITAT Chandigarh allowed relief to the assessee for assessment year 1995-96. The first ground of appeal was against deletion of addition made on account of unexplained cash found with the assessee during search. The second ground was about deletion of addition made for low household expenses. The ITAT dismissed the appeal, citing circulars of CBDT and previous decisions supporting the CIT(A)'s deletion of the additions.