https://www.taxtmi.com/caselaws?id=265204 An appellate authority cannot enhance taxable income by reducing an allowance or deduction granted in assessment without issuing notice and giving a hearing under section 251(2); on that basis, the reduction of exemption under section 54F and the cut in construction cost were held unsustainable and the assessment was restored on those points. A ground that goes to the root of the correct year of chargeability of capital gains under a joint development agreement must be admitted and decided on merits, so the additional ground on the deemed transfer year was admitted and remitted for fresh adjudication. en-us Fri, 04 Sep 2015 00:00:00 +0530 Thu, 08 Oct 2015 07:27:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265204 An appellate authority cannot enhance taxable income by reducing an allowance or deduction granted in assessment without issuing notice and giving a hearing under section 251(2); on that basis, the reduction of exemption under section 54F and the cut in construction cost were held unsustainable and the assessment was restored on those points. A ground that goes to the root of the correct year of chargeability of capital gains under a joint development agreement must be admitted and decided on merits, so the additional ground on the deemed transfer year was admitted and remitted for fresh adjudication. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265204