https://www.taxtmi.com/caselaws?id=249216 The tribunal partly allowed the appellant's appeal challenging the Commissioner of Income Tax (Appeals)'s order related to the assessment under section 143(3) of the Income Tax Act, 1961 for the assessment year 2009-10. The tribunal remanded the issue of sales-tax liability cessation and income recognition to the Assessing Officer for verification. It ruled in favor of the appellant regarding the treatment of forfeited advance on the sale of a residential plot, disallowance of rent claim for hiring a Godown, and disallowance of depreciation on a staff quarter. The tribunal upheld the estimation of notional income from a house property, affirming the assessment of income. en-us Fri, 13 Jun 2014 00:00:00 +0530 Tue, 08 Jul 2014 08:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249216 The tribunal partly allowed the appellant's appeal challenging the Commissioner of Income Tax (Appeals)'s order related to the assessment under section 143(3) of the Income Tax Act, 1961 for the assessment year 2009-10. The tribunal remanded the issue of sales-tax liability cessation and income recognition to the Assessing Officer for verification. It ruled in favor of the appellant regarding the treatment of forfeited advance on the sale of a residential plot, disallowance of rent claim for hiring a Godown, and disallowance of depreciation on a staff quarter. The tribunal upheld the estimation of notional income from a house property, affirming the assessment of income. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249216