https://www.taxtmi.com/caselaws?id=464920 Section 23 permits an assessee owning more than one house property to choose which property is treated as self-occupied; the remaining property is then computed as deemed let out for annual value purposes. Rule 46A allows additional evidence in appeal where sufficient cause is shown, especially when the material is forwarded to the Assessing Officer for remand comments and no prejudice is caused. Under section 68, the assessee must first establish the creditor's identity, transaction genuineness and primary creditworthiness through confirmations, bank records and financial statements; once that is done, the burden shifts to the Revenue. Opening balances are not taxable as current-year credits, and the pre-amendment law does not require proof of source of source. en-us Wed, 28 Sep 2022 00:00:00 +0530 Sat, 22 Nov 2025 19:52:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464920 Section 23 permits an assessee owning more than one house property to choose which property is treated as self-occupied; the remaining property is then computed as deemed let out for annual value purposes. Rule 46A allows additional evidence in appeal where sufficient cause is shown, especially when the material is forwarded to the Assessing Officer for remand comments and no prejudice is caused. Under section 68, the assessee must first establish the creditor's identity, transaction genuineness and primary creditworthiness through confirmations, bank records and financial statements; once that is done, the burden shifts to the Revenue. Opening balances are not taxable as current-year credits, and the pre-amendment law does not require proof of source of source. Case-Laws Income Tax Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464920