https://www.taxtmi.com/caselaws?id=220573 The Tribunal dismissed the argument regarding the illegality of proceedings initiated under Section 153A as it was not pressed during the hearing. Regarding the calculation of notional rent under Section 23(4), the Tribunal directed the Assessing Officer to verify municipal valuations for annual letting value determination. Arbitrary additions for low household withdrawals were deleted, while additions for unexplained investments in household items were upheld. The charging of interest under Sections 234A, 234B, and 234C was dismissed as this ground was not pressed during the hearing. en-us Fri, 28 Dec 2012 00:00:00 +0530 Thu, 31 Jan 2013 01:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220573 The Tribunal dismissed the argument regarding the illegality of proceedings initiated under Section 153A as it was not pressed during the hearing. Regarding the calculation of notional rent under Section 23(4), the Tribunal directed the Assessing Officer to verify municipal valuations for annual letting value determination. Arbitrary additions for low household withdrawals were deleted, while additions for unexplained investments in household items were upheld. The charging of interest under Sections 234A, 234B, and 234C was dismissed as this ground was not pressed during the hearing. Case-Laws Income Tax Fri, 28 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220573