Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Assessee computed rental income from factory premises under both "income from house property" and business income incorrectly. ITAT held rental income should be considered under S.57, allowing claim of proportionate expenses against such rental income. AO directed to recompute taxable income under S.57. Assessee's grounds partly allowed.
Assessee computed rental income from factory premises under both "income from house property" and business income incorrectly. ITAT held rental income should be considered under S.57, allowing claim of proportionate expenses against such rental income. AO directed to recompute taxable income under S.57. Assessee's grounds partly allowed.
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