https://www.taxtmi.com/caselaws?id=779786 An addition for renovation investment in jointly owned ancestral property cannot be fastened solely on one co-owner without evidence of exclusive contribution; where the brothers' responses indicated shared contribution, the addition in the assessee's individual hands was unsustainable and was deleted. An estimate of renovation cost made by the Assessing Officer without reference to the District Valuation Officer lacked proper valuation support; on that basis, the valuation-based addition was also unsustainable and was deleted. en-us Fri, 10 Oct 2025 00:00:00 +0530 Mon, 13 Oct 2025 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779786 An addition for renovation investment in jointly owned ancestral property cannot be fastened solely on one co-owner without evidence of exclusive contribution; where the brothers' responses indicated shared contribution, the addition in the assessee's individual hands was unsustainable and was deleted. An estimate of renovation cost made by the Assessing Officer without reference to the District Valuation Officer lacked proper valuation support; on that basis, the valuation-based addition was also unsustainable and was deleted. Case-Laws Income Tax Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779786