https://www.taxtmi.com/caselaws?id=64185 The judgment addressed issues of rectification under section 154 for including capital gains in computing income from self-occupied property. The Income Tax Officer proceeded with rectification despite objections from the assessee, leading to a recomputation including capital gains. The ex parte disposal of the appeal due to non-compliance by the assessee was also discussed. The interpretation of 'income' under section 2(24)(iv) to include capital gains was upheld. The Tribunal set aside the order under section 154, directing proper assessment of income from self-occupied property and emphasizing the necessity of hearing the assessee. The appeal was deemed partially allowed for statistical purposes. en-us Fri, 26 Dec 1986 00:00:00 +0530 Sat, 05 Feb 2011 12:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64185 The judgment addressed issues of rectification under section 154 for including capital gains in computing income from self-occupied property. The Income Tax Officer proceeded with rectification despite objections from the assessee, leading to a recomputation including capital gains. The ex parte disposal of the appeal due to non-compliance by the assessee was also discussed. The interpretation of 'income' under section 2(24)(iv) to include capital gains was upheld. The Tribunal set aside the order under section 154, directing proper assessment of income from self-occupied property and emphasizing the necessity of hearing the assessee. The appeal was deemed partially allowed for statistical purposes. Case-Laws Income Tax Fri, 26 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64185