https://www.taxtmi.com/news?id=441 Taxed salary on which tax was deducted at source and which is below the taxable threshold cannot be treated as undisclosed block year income merely because a return was not filed prior to search. Leasing income from commercial property is income from house property where the owner merely lets the premises. Complex conversion processes in manufacturing qualify for manufacturing deductions. Exemptions and turnover based benefits must be determined year by year and in accordance with statutory definitions. Bank materials must not be used without affording an opportunity to explain. Tribunal rectification powers are limited to a four year period. en-us Tue, 20 May 2008 22:01:00 +0530 Fri, 22 Aug 2025 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=441 Taxed salary on which tax was deducted at source and which is below the taxable threshold cannot be treated as undisclosed block year income merely because a return was not filed prior to search. Leasing income from commercial property is income from house property where the owner merely lets the premises. Complex conversion processes in manufacturing qualify for manufacturing deductions. Exemptions and turnover based benefits must be determined year by year and in accordance with statutory definitions. Bank materials must not be used without affording an opportunity to explain. Tribunal rectification powers are limited to a four year period. News - Tue, 20 May 2008 22:01:00 +0530 https://www.taxtmi.com/news?id=441