https://www.taxtmi.com/caselaws?id=445931 In completed search assessments, additions under section 153A were sustained where incriminating material from search, including undisclosed property holdings, was found and linked to the assessment years. House property income was assessable on a reasonable annual value basis where no fixed standard rent was shown, vacancy allowance was denied because the properties were not let for the full year, but the statutory deduction under section 24(a) remained available. A jurisdictional transfer under section 127 within the same city was upheld, and no fresh notice under section 143(2) was required after a valid prior notice had been served. Issues concerning unsecured loans and alleged bogus long-term capital gains were partly sustained on existing material and partly remitted for fresh examination with opportunity to produce evidence. en-us Wed, 08 Nov 2023 00:00:00 +0530 Wed, 04 Dec 2024 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445931 In completed search assessments, additions under section 153A were sustained where incriminating material from search, including undisclosed property holdings, was found and linked to the assessment years. House property income was assessable on a reasonable annual value basis where no fixed standard rent was shown, vacancy allowance was denied because the properties were not let for the full year, but the statutory deduction under section 24(a) remained available. A jurisdictional transfer under section 127 within the same city was upheld, and no fresh notice under section 143(2) was required after a valid prior notice had been served. Issues concerning unsecured loans and alleged bogus long-term capital gains were partly sustained on existing material and partly remitted for fresh examination with opportunity to produce evidence. Case-Laws Income Tax Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445931