https://www.taxtmi.com/caselaws?id=171847 The Tribunal partly allowed the appeal, ruling that the IAC exceeded jurisdiction by changing the head of income under Section 144B, leading to the deletion of Rs. 1,40,000 from the assessment. The Tribunal also upheld the treatment of Rs. 42,071 as income under Section 41(2) and the adoption of the ALV of the SO property at Rs. 9,000 instead of Rs. 6,000 declared by the assessee. en-us Mon, 29 Jul 1985 00:00:00 +0530 Thu, 06 Aug 2015 10:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171847 The Tribunal partly allowed the appeal, ruling that the IAC exceeded jurisdiction by changing the head of income under Section 144B, leading to the deletion of Rs. 1,40,000 from the assessment. The Tribunal also upheld the treatment of Rs. 42,071 as income under Section 41(2) and the adoption of the ALV of the SO property at Rs. 9,000 instead of Rs. 6,000 declared by the assessee. Case-Laws Income Tax Mon, 29 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171847