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

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

07/05/2026

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 https://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.

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

Membership Required

Latest articles

Proforma Invoice Valid for Availing CENVAT Credit if Service Tax Is Paid: CESTAT

Tax Demand Can’t Be Raised Through Computation Sheet When Assessment Accepts Returned Income Without Additions: ITAT

Import Duty Payable on Actual Reduced Price Despite Higher Price at Time of Import: CESTAT

Driver’s Statement on Plain Paper Has ‘Very Little Evidentiary Value’: Allahabad High Court Quashes GST Penalty Order

More like this

Proforma Invoice Valid for Availing CENVAT Credit if Service Tax Is Paid: CESTAT

Tax Demand Can’t Be Raised Through Computation Sheet When Assessment Accepts Returned Income Without Additions: ITAT

Import Duty Payable on Actual Reduced Price Despite Higher Price at Time of Import: CESTAT

About us

Company

Categories