https://www.taxtmi.com/caselaws?id=795442 Jantri valuation alone does not establish unexplained expenditure where no survey material or other evidence shows spending outside the books. Housing-project deduction may be supported by part-completion and final completion certificates where no contrary material demonstrates non-compliance with statutory conditions. Income disclosed during survey may qualify as business income for that deduction when the taxpayer carries on only construction business and no evidence identifies another source. The notes also state that no substantial question of law arises where concurrent factual findings are supported by the record and remain unrebutted. en-us Thu, 02 Jul 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795442 Jantri valuation alone does not establish unexplained expenditure where no survey material or other evidence shows spending outside the books. Housing-project deduction may be supported by part-completion and final completion certificates where no contrary material demonstrates non-compliance with statutory conditions. Income disclosed during survey may qualify as business income for that deduction when the taxpayer carries on only construction business and no evidence identifies another source. The notes also state that no substantial question of law arises where concurrent factual findings are supported by the record and remain unrebutted. Case-Laws Income Tax Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795442