https://www.taxtmi.com/caselaws?id=37906 The High Court ruled in favor of the Hindu Undivided Family (HUF), holding that the appeal before the Appellate Assistant Commissioner (AAC) was competent despite the absence of a rectification application or an affidavit. The Court emphasized the AAC's authority to assess the case based on the assessee's explanations and evidence regarding the cost of construction. The AAC's decision to delete the addition of Rs. 15,000 as unexplained investment in house property was deemed correct, as the assessee clarified that the construction was completed in a subsequent year with a higher total cost. The Tribunal's decision to reverse the AAC was overturned, affirming the maintainability of the appeal and ruling against the Income Tax Officer's addition. en-us Thu, 09 Nov 1978 00:00:00 +0530 Thu, 28 Jul 2016 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37906 The High Court ruled in favor of the Hindu Undivided Family (HUF), holding that the appeal before the Appellate Assistant Commissioner (AAC) was competent despite the absence of a rectification application or an affidavit. The Court emphasized the AAC's authority to assess the case based on the assessee's explanations and evidence regarding the cost of construction. The AAC's decision to delete the addition of Rs. 15,000 as unexplained investment in house property was deemed correct, as the assessee clarified that the construction was completed in a subsequent year with a higher total cost. The Tribunal's decision to reverse the AAC was overturned, affirming the maintainability of the appeal and ruling against the Income Tax Officer's addition. Case-Laws Income Tax Thu, 09 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37906