https://www.taxtmi.com/caselaws?id=309965 The Tribunal dismissed the appeal filed by the assessee in its entirety. It upheld the CIT(A)'s valuation of the Tenali house property, directing a total investment value of Rs. 5,33,430. The property was assessed in the hands of the assessee, not his wife, due to lack of evidence of her independent income. The request to set off business losses against income was dismissed as it was not part of the original appeal and not addressed in the consequential order. The judgment was pronounced on 28th July 2016. en-us Thu, 28 Jul 2016 00:00:00 +0530 Thu, 28 Sep 2023 21:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309965 The Tribunal dismissed the appeal filed by the assessee in its entirety. It upheld the CIT(A)'s valuation of the Tenali house property, directing a total investment value of Rs. 5,33,430. The property was assessed in the hands of the assessee, not his wife, due to lack of evidence of her independent income. The request to set off business losses against income was dismissed as it was not part of the original appeal and not addressed in the consequential order. The judgment was pronounced on 28th July 2016. Case-Laws Income Tax Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309965