https://www.taxtmi.com/caselaws?id=263113 The Tribunal dismissed the appeal for AY 2008-09, upholding the assessment of lease rental income at Rs. 15,30,000. The assessee's attempt to revise the income declared in the original return in response to a notice u/s 153A was rejected. For AY 2009-10, the Tribunal allowed the appeal for statistical purposes, directing the AO to re-examine the lease rental income issue based on a reversal entry in the society's books. The decision emphasizes that section 153A proceedings are for the department's benefit and cannot be used by the assessee to alter previously declared income. en-us Wed, 05 Aug 2015 00:00:00 +0530 Thu, 27 Aug 2015 08:29:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263113 The Tribunal dismissed the appeal for AY 2008-09, upholding the assessment of lease rental income at Rs. 15,30,000. The assessee's attempt to revise the income declared in the original return in response to a notice u/s 153A was rejected. For AY 2009-10, the Tribunal allowed the appeal for statistical purposes, directing the AO to re-examine the lease rental income issue based on a reversal entry in the society's books. The decision emphasizes that section 153A proceedings are for the department's benefit and cannot be used by the assessee to alter previously declared income. Case-Laws Income Tax Wed, 05 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263113