https://www.taxtmi.com/caselaws?id=253723 The tribunal upheld the Assessing Officer's estimation of profit based on lack of books of accounts, classified rental and interest income as "income from other sources," and denied exemption under Section 54F for improving an existing asset. The tribunal emphasized procedural fairness, remitting issues back for fresh consideration to allow verification of new evidence by the Assessing Officer. en-us Fri, 29 Nov 2013 00:00:00 +0530 Tue, 02 Dec 2014 15:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253723 The tribunal upheld the Assessing Officer's estimation of profit based on lack of books of accounts, classified rental and interest income as "income from other sources," and denied exemption under Section 54F for improving an existing asset. The tribunal emphasized procedural fairness, remitting issues back for fresh consideration to allow verification of new evidence by the Assessing Officer. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253723