9911796707
TMI Blog2018 (6) TMI 1855X X X X Extracts X X X X X X X X Extracts X X X X ..... which shows total drawings of Rs. 11,13,115/-. As similar additions made in the hands of Dr Balvir Singh Tomar have been recently deleted by this Bench in [ 2018 (4) TMI 1988 - ITAT JAIPUR] - In absence of anything contrary on record, it would be reasonable to hold that the foreign tour expenses of Rs 2,68,450 are met out of such drawings of Rs 11,13,115. In the result, following our decisions in case of Dr Balvir Singh Tomar, the addition made by the AO is hereby deleted and ground of the assessee s appeal is allowed. - Shri Vijay Pal Rao, JM And Shri Vikram Singh Yadav, AM For the Assessee : Shri G. M. Mehta (CA). For the Revenue : Smt. Roli Agarwal (CIT). ORDER PER: VIKRAM SINGH YADAV, A.M. This is an appeal filed by the assessee agai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as found during the search as well as post-search proceedings. A show cause was issued to the assessee and the response so submitted by the assessee was however, not found acceptable to the Assessing Officer. The AO brought to tax half of the total unexplained expenditure of Rs. 2,62,900/- to tax in the hands of the assessee. Further he has estimated expenses of Rs. 97,000/- on two return trips to london and Rs. 22,000/- as return trip to Sharjah. The AO accordingly made an addition to Rs. 2,68,450/- in the hands of assessee. 3. Being aggrieved, the assessee carried the matter in appeal before the ld CIT (A) and submitted that during the course of search proceedings, no incriminating material or other evidence was found which shows that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enough to take care of foreign tour expenses which have been brought to tax in the hands of the assessee. 5. The ld CIT DR is heard who has vehemently argued the matter and relied on the findings of the lower authorities. 6. We have heard the rival contentions and perused the material available on record. The AO has made an addition of Rs. 2,68,450/- on account of unexplained foreign tour expenses. The ld AR has reiterated the contentions raised before the ld CIT (A) and submitted that the assessee s drawings during the year are sufficient enough to explain the source of such expenditure. In support, our reference was drawn to the assessee s capital account for the financial year ended 31st March, 2015 which shows total drawings of Rs. 11,1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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