https://www.taxtmi.com/caselaws?id=71661 Reliable books of account prevailed over an estimated later valuation, because the assessee had recorded construction expenditure and no defect in the books was shown; the addition for alleged suppression in construction cost was therefore deleted. Composite letting of shopping premises together with furniture, fixtures and utilities was treated as inseparable, so the receipts were not assessed as income from house property or business income but under the residuary head of income from other sources. Depreciation was allowed only to the extent of actual user of the let asset, resulting in partial relief to the assessee. en-us Thu, 06 Nov 1997 00:00:00 +0530 Tue, 26 Apr 2011 13:39:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71661 Reliable books of account prevailed over an estimated later valuation, because the assessee had recorded construction expenditure and no defect in the books was shown; the addition for alleged suppression in construction cost was therefore deleted. Composite letting of shopping premises together with furniture, fixtures and utilities was treated as inseparable, so the receipts were not assessed as income from house property or business income but under the residuary head of income from other sources. Depreciation was allowed only to the extent of actual user of the let asset, resulting in partial relief to the assessee. Case-Laws Income Tax Thu, 06 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71661