https://www.taxtmi.com/caselaws?id=775705 The ITAT Delhi held that the addition of house property income without specific incriminating material seized during the search was unjustified and quashed the assessment dated 26.12.2019. However, the tribunal upheld the addition of undisclosed income based on incriminating material related to two PANs held by the same assessee, directing the AO to consider corresponding expenditures to determine real income. The AO was instructed to recompute the income afresh, with the assessee bearing the burden of proof in subsequent proceedings, allowing three opportunities for compliance. en-us Thu, 10 Jul 2025 00:00:00 +0530 Tue, 29 Jul 2025 08:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775705 The ITAT Delhi held that the addition of house property income without specific incriminating material seized during the search was unjustified and quashed the assessment dated 26.12.2019. However, the tribunal upheld the addition of undisclosed income based on incriminating material related to two PANs held by the same assessee, directing the AO to consider corresponding expenditures to determine real income. The AO was instructed to recompute the income afresh, with the assessee bearing the burden of proof in subsequent proceedings, allowing three opportunities for compliance. Case-Laws Income Tax Thu, 10 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775705