https://www.taxtmi.com/caselaws?id=282184 The Tribunal upheld the legality of the order passed under section 153C, dismissing the challenge raised by the assessee. It directed the Assessing Officer to allow agricultural income based on additional evidence presented. The Tribunal also instructed a reevaluation of the deduction under section 24 for house property rental income and limited the addition based on cash transactions. The treatment of income from truck operations was adjusted, and the calculation of long-term capital gains was accepted. The Tribunal ruled in favor of the assessee on various issues, leading to partial allowance of appeals and dismissal of Revenue's appeals. en-us Thu, 31 Jan 2013 00:00:00 +0530 Thu, 25 Jul 2019 16:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282184 The Tribunal upheld the legality of the order passed under section 153C, dismissing the challenge raised by the assessee. It directed the Assessing Officer to allow agricultural income based on additional evidence presented. The Tribunal also instructed a reevaluation of the deduction under section 24 for house property rental income and limited the addition based on cash transactions. The treatment of income from truck operations was adjusted, and the calculation of long-term capital gains was accepted. The Tribunal ruled in favor of the assessee on various issues, leading to partial allowance of appeals and dismissal of Revenue's appeals. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282184