https://www.taxtmi.com/caselaws?id=472592 Mechanical, combined and non-speaking statutory approval without demonstrated application of mind fails the mandatory safeguard for search assessments, rendering the affected assessments void. Depreciation on a non-compete fee remains allowable within a block of assets when accepted in an earlier year and no changed circumstances exist. Rental receipts from property first let during the relevant year are taxable as Income from House Property, with the applicable statutory deduction. Exempt-income expenditure cannot be disallowed through the prescribed mechanism unless dissatisfaction with the taxpayer's accounts is recorded. An additional legal ground challenging assessment validity is admissible where all necessary facts already appear on record. en-us Fri, 20 Dec 2024 00:00:00 +0530 Fri, 16 Oct 2026 18:43:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472592 Mechanical, combined and non-speaking statutory approval without demonstrated application of mind fails the mandatory safeguard for search assessments, rendering the affected assessments void. Depreciation on a non-compete fee remains allowable within a block of assets when accepted in an earlier year and no changed circumstances exist. Rental receipts from property first let during the relevant year are taxable as Income from House Property, with the applicable statutory deduction. Exempt-income expenditure cannot be disallowed through the prescribed mechanism unless dissatisfaction with the taxpayer's accounts is recorded. An additional legal ground challenging assessment validity is admissible where all necessary facts already appear on record. Case-Laws Income Tax Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472592