https://www.taxtmi.com/caselaws?id=242692 The Tribunal upheld the categorization of rental income as 'Income from house property', denying deductions for depreciation and other expenses. It emphasized that the classification depends on the specific facts of each case and that previous decisions in the assessee's favor supported this conclusion. Additionally, the Tribunal affirmed the Assessing Officer's jurisdiction to pass orders under section 153A read with section 143(3) even when no incriminating material was found during the search, dismissing the assessee's cross objections challenging the jurisdiction. The Revenue's appeals were allowed, and the assessee's cross objections were dismissed. en-us Fri, 05 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:48:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242692 The Tribunal upheld the categorization of rental income as 'Income from house property', denying deductions for depreciation and other expenses. It emphasized that the classification depends on the specific facts of each case and that previous decisions in the assessee's favor supported this conclusion. Additionally, the Tribunal affirmed the Assessing Officer's jurisdiction to pass orders under section 153A read with section 143(3) even when no incriminating material was found during the search, dismissing the assessee's cross objections challenging the jurisdiction. The Revenue's appeals were allowed, and the assessee's cross objections were dismissed. Case-Laws Income Tax Fri, 05 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242692