https://www.taxtmi.com/caselaws?id=467381 The note addresses entitlement to set off a current-year loss from income from house property against assessed income when the assessment record contains an erroneous computation. It clarifies that where the claimed house property loss is undisputed on merits and the assessing officer's aggregate omitted or misstated that loss, the correct current-year loss must be admitted and adjusted against the income determined by the assessing officer, resulting in reduction of the assessed income to reflect the bona fide loss available for set-off. en-us Thu, 20 Feb 2025 00:00:00 +0530 Mon, 16 Mar 2026 10:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467381 The note addresses entitlement to set off a current-year loss from income from house property against assessed income when the assessment record contains an erroneous computation. It clarifies that where the claimed house property loss is undisputed on merits and the assessing officer's aggregate omitted or misstated that loss, the correct current-year loss must be admitted and adjusted against the income determined by the assessing officer, resulting in reduction of the assessed income to reflect the bona fide loss available for set-off. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467381