Ask Jurishour AI

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
tdb_templates
saswp_reviews
saswp-collections
saswp_rvs_location
tdc-review-email
web-story-font
web-story
googlesitekit_email
tds_locker
tds_email
saswp
mailpoet_page
mailpoet_email
tdcpt_tunes
tdc-review
pronamic_payment
pronamic_gateway
pronamic_pay_subscr
wpcode
HomeDirect TaxDon’t Panic If You Don’t Withdraw Cash Every Month: ITAT Says Disclosed...

Don’t Panic If You Don’t Withdraw Cash Every Month: ITAT Says Disclosed Rental Income Can Explain Household Expenses

Direct Tax

Published on

By Mariya Paliwala
Don’t Panic If You Don’t Withdraw Cash Every Month: ITAT Says Disclosed Rental Income Can Explain Household Expenses

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of Rs.1.20 lakh made on account of alleged low household withdrawals after observing that the assessee had sufficient disclosed rental income to meet personal and household expenses.  The bench of Yogesh Kumar Us, (Judicial Member) and Sanjay Awasthi (Accountant Member) has…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Case Compilation

JURISHOUR | TAX LAW DAILY BULLETIN : 18 SEPTEMBER, 2026

Here’s the Tax Law Daily Bulletin for September 18, 2026.GSTMADRAS HIGH COURT QUASHES GST CLASSIFICATION...
Direct Tax

Dept’s Stand on Export Quota Premium, Rejects CBDT O.M. to Extend S. 80HHC Benefit

The Supreme Court has dismissed a batch of civil appeals concerning the tax treatment...
Supreme Court

Conditional Court Deposit Doesn’t Stop Interest: Supreme Court  Calls for Uniform Rules on Litigation Deposits

The Supreme Court of India has held that a deposit made by an award-debtor...
Supreme Court

Circumstantial Evidence Failed to Form Complete Chain: Supreme Court Acquits 4 Murder Accused 

The Supreme Court has acquitted four accused persons in a 2001 murder case from...

More like this

Case Compilation

JURISHOUR | TAX LAW DAILY BULLETIN : 18 SEPTEMBER, 2026

Here’s the Tax Law Daily Bulletin for September 18, 2026.GSTMADRAS HIGH COURT QUASHES GST CLASSIFICATION...
Direct Tax

Dept’s Stand on Export Quota Premium, Rejects CBDT O.M. to Extend S. 80HHC Benefit

The Supreme Court has dismissed a batch of civil appeals concerning the tax treatment...
Supreme Court

Conditional Court Deposit Doesn’t Stop Interest: Supreme Court  Calls for Uniform Rules on Litigation Deposits

The Supreme Court of India has held that a deposit made by an award-debtor...