https://www.taxtmi.com/caselaws?id=71678 The Tribunal allowed the assessee's claim for investment in real estate, excluding Rs. 5 lakhs to prevent double taxation. Deduction claims for bad debts were disallowed due to lack of evidence, but professional fees and tax were remanded for re-adjudication. The valuation officer's estimation for house property construction was set aside for procedural lapses. Interest under section 234A was deleted as the return was filed within the time limit. Seized amount adjustment against advance tax was treated as advance tax paid, canceling consequential interest. The appeal was partly allowed, with dissenting opinions on certain claims for reconsideration. en-us Fri, 03 Sep 2004 00:00:00 +0530 Tue, 26 Apr 2011 15:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71678 The Tribunal allowed the assessee's claim for investment in real estate, excluding Rs. 5 lakhs to prevent double taxation. Deduction claims for bad debts were disallowed due to lack of evidence, but professional fees and tax were remanded for re-adjudication. The valuation officer's estimation for house property construction was set aside for procedural lapses. Interest under section 234A was deleted as the return was filed within the time limit. Seized amount adjustment against advance tax was treated as advance tax paid, canceling consequential interest. The appeal was partly allowed, with dissenting opinions on certain claims for reconsideration. Case-Laws Income Tax Fri, 03 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71678