https://www.taxtmi.com/caselaws?id=293805 Section 23 of the Income-tax Act was applied to multiple residential units held by the assessee, raising whether the flats could be treated as one self-occupied house property instead of deemed let-out properties. Additional evidence, including a co-owner's order treating the same flats as one house property, had not been considered by the lower authorities. The Tribunal found no estoppel against the assessee adopting a different treatment and stated that the arrangement could not be characterised as a colourable device. The matter was remitted to the Assessing Officer for fresh consideration after examining the additional evidence, resulting in partial relief to the assessee. en-us Mon, 01 Jul 2019 00:00:00 +0530 Thu, 04 Mar 2021 08:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293805 Section 23 of the Income-tax Act was applied to multiple residential units held by the assessee, raising whether the flats could be treated as one self-occupied house property instead of deemed let-out properties. Additional evidence, including a co-owner's order treating the same flats as one house property, had not been considered by the lower authorities. The Tribunal found no estoppel against the assessee adopting a different treatment and stated that the arrangement could not be characterised as a colourable device. The matter was remitted to the Assessing Officer for fresh consideration after examining the additional evidence, resulting in partial relief to the assessee. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293805