https://www.taxtmi.com/caselaws?id=469290 Appellate tax analysis indicates that additions for renovation expenditure and sundry creditors cannot be sustained without examining the assessee's personal books, supporting documents, and subsequent discharge of liabilities, and a corrected Schedule-AL claim may be admitted and verified even without a revised return. Deemed rental income was deleted where the property remained an open plot, construction approval was pending, and there was no factual basis to treat it as fit for letting. The remaining disputed additions were remanded for fresh verification, reflecting that unexplained investment and creditor claims must be tested against the relevant books, disclosures, and later conduct before any addition is confirmed. en-us Tue, 04 Mar 2025 00:00:00 +0530 Sat, 13 Jun 2026 08:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469290 Appellate tax analysis indicates that additions for renovation expenditure and sundry creditors cannot be sustained without examining the assessee's personal books, supporting documents, and subsequent discharge of liabilities, and a corrected Schedule-AL claim may be admitted and verified even without a revised return. Deemed rental income was deleted where the property remained an open plot, construction approval was pending, and there was no factual basis to treat it as fit for letting. The remaining disputed additions were remanded for fresh verification, reflecting that unexplained investment and creditor claims must be tested against the relevant books, disclosures, and later conduct before any addition is confirmed. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469290