https://www.taxtmi.com/caselaws?id=366729 The challenge to the reopening of the assessment under section 147 was not pressed by the assessee, resulting in a decision in favor of the revenue. Regarding the addition of Rs. 3,74,023 under income from house property, the Tribunal found the Assessing Officer's estimation lacked proper basis and comparison with relevant cases. The Tribunal remanded the case for recomputation based on specific directions, ultimately partially granting relief to the assessee. Both appeals were partly allowed, and the matter was remanded for further assessment in line with the Tribunal's directions. en-us Fri, 07 Sep 2018 00:00:00 +0530 Mon, 10 Sep 2018 08:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366729 The challenge to the reopening of the assessment under section 147 was not pressed by the assessee, resulting in a decision in favor of the revenue. Regarding the addition of Rs. 3,74,023 under income from house property, the Tribunal found the Assessing Officer's estimation lacked proper basis and comparison with relevant cases. The Tribunal remanded the case for recomputation based on specific directions, ultimately partially granting relief to the assessee. Both appeals were partly allowed, and the matter was remanded for further assessment in line with the Tribunal's directions. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366729