https://www.taxtmi.com/caselaws?id=180425 The Revenue's appeal was dismissed by the Supreme Court as no substantial question of law arose in the case. The Court upheld the ITAT judgment, citing established case law principles. The addition of notional rent under deeming provisions and the assessment of non-income bearing investments were found to be in line with previous rulings. The Court emphasized the importance of legally enforceable rights in determining income accrual, highlighting the need for clear legal basis to challenge tax assessments based on precedent and factual findings. en-us Tue, 09 Feb 2010 00:00:00 +0530 Thu, 24 Aug 2023 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180425 The Revenue's appeal was dismissed by the Supreme Court as no substantial question of law arose in the case. The Court upheld the ITAT judgment, citing established case law principles. The addition of notional rent under deeming provisions and the assessment of non-income bearing investments were found to be in line with previous rulings. The Court emphasized the importance of legally enforceable rights in determining income accrual, highlighting the need for clear legal basis to challenge tax assessments based on precedent and factual findings. Case-Laws Income Tax Tue, 09 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180425