https://www.taxtmi.com/caselaws?id=56389 In search-related income tax proceedings, seized books and loose papers trigger the statutory presumption that they belong to the person from whose possession they are found, that their contents are true, and that the entries are attributable to that person unless rebutted by reliable evidence. An appellate deletion that does not address this presumption, the assessee's burden, or the material relied on by the Assessing Officer is unsustainable and may require fresh adjudication. The document also notes moderation of estimated household expenses and determination of annual letting value by reference to municipal valuation rates. en-us Thu, 29 Apr 1993 00:00:00 +0530 Fri, 03 Dec 2010 13:39:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56389 In search-related income tax proceedings, seized books and loose papers trigger the statutory presumption that they belong to the person from whose possession they are found, that their contents are true, and that the entries are attributable to that person unless rebutted by reliable evidence. An appellate deletion that does not address this presumption, the assessee's burden, or the material relied on by the Assessing Officer is unsustainable and may require fresh adjudication. The document also notes moderation of estimated household expenses and determination of annual letting value by reference to municipal valuation rates. Case-Laws Income Tax Thu, 29 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56389