https://www.taxtmi.com/caselaws?id=215496 A return processed under section 143(1) does not bar reassessment under sections 147 and 148 where the Assessing Officer has reason to believe income has escaped assessment, and the material's sufficiency is not examined at that stage. Rental receipts from owned buildings let out without independent commercial exploitation are assessable as income from house property, not business income. Repair cess was disallowed on the facts for lack of reliable supporting proof, and expenditure for lift, watchman, electricity, cleaning and similar items was treated as part of the limited statutory regime governing house property deductions. Brought forward losses were not allowed to be set off in the manner claimed. en-us Wed, 28 Mar 2012 00:00:00 +0530 Wed, 08 Aug 2012 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215496 A return processed under section 143(1) does not bar reassessment under sections 147 and 148 where the Assessing Officer has reason to believe income has escaped assessment, and the material's sufficiency is not examined at that stage. Rental receipts from owned buildings let out without independent commercial exploitation are assessable as income from house property, not business income. Repair cess was disallowed on the facts for lack of reliable supporting proof, and expenditure for lift, watchman, electricity, cleaning and similar items was treated as part of the limited statutory regime governing house property deductions. Brought forward losses were not allowed to be set off in the manner claimed. Case-Laws Income Tax Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215496