https://www.taxtmi.com/caselaws?id=469406 The note discusses two income-tax points: reopening under sections 147 and 148 was supported by tangible material indicating escaped income, so the challenge based on change of opinion failed, and the reassessment notice was treated as valid. On house property income, it states that section 23(1)(c) allows vacancy allowance where property was earlier let, is held for letting, and remains vacant during the year; denial merely because the units stayed vacant throughout was incorrect. The resulting treatment in the note is that the deemed rental addition for the vacant units was deleted, giving the assessee partial relief. en-us Wed, 05 Mar 2025 00:00:00 +0530 Tue, 16 Jun 2026 21:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469406 The note discusses two income-tax points: reopening under sections 147 and 148 was supported by tangible material indicating escaped income, so the challenge based on change of opinion failed, and the reassessment notice was treated as valid. On house property income, it states that section 23(1)(c) allows vacancy allowance where property was earlier let, is held for letting, and remains vacant during the year; denial merely because the units stayed vacant throughout was incorrect. The resulting treatment in the note is that the deemed rental addition for the vacant units was deleted, giving the assessee partial relief. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469406