https://www.taxtmi.com/caselaws?id=466131 Reassessment was initiated after TDS reporting indicated undeclared rental receipts and the assessee had not filed a return; the assessing officer added the full rent receipt amount to income. The principal legal point is that while computing income the AO was obliged to consider the notional deduction available for property income, a claim which requires evidentiary verification. The matter is remitted to the AO for fresh adjudication to verify the claim and supporting documentary evidence, with a direction to afford the assessee a reasonable opportunity to be heard before finalizing assessment. en-us Mon, 28 Apr 2025 00:00:00 +0530 Sun, 25 Jan 2026 21:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466131 Reassessment was initiated after TDS reporting indicated undeclared rental receipts and the assessee had not filed a return; the assessing officer added the full rent receipt amount to income. The principal legal point is that while computing income the AO was obliged to consider the notional deduction available for property income, a claim which requires evidentiary verification. The matter is remitted to the AO for fresh adjudication to verify the claim and supporting documentary evidence, with a direction to afford the assessee a reasonable opportunity to be heard before finalizing assessment. Case-Laws Income Tax Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466131