https://www.taxtmi.com/caselaws?id=383578 Additional evidence supporting a section 54F deduction, including electricity bills, property tax receipts, photographs and an affidavit, was held material because it went to the question whether a new residential house had been constructed; the matter was remanded for fresh consideration in accordance with law. An ad hoc profit addition from brick manufacturing was found unsustainable because the estimate lacked any identified basis and no independent enquiry from similarly placed assessees was made; the arbitrary addition was deleted. The assessee thus obtained partial relief, with the deduction issue sent back and the income-estimation addition removed. en-us Wed, 24 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383578 Additional evidence supporting a section 54F deduction, including electricity bills, property tax receipts, photographs and an affidavit, was held material because it went to the question whether a new residential house had been constructed; the matter was remanded for fresh consideration in accordance with law. An ad hoc profit addition from brick manufacturing was found unsustainable because the estimate lacked any identified basis and no independent enquiry from similarly placed assessees was made; the arbitrary addition was deleted. The assessee thus obtained partial relief, with the deduction issue sent back and the income-estimation addition removed. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383578