Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (2) TMI 537 - HC - Income TaxUnexplained expenditure by invoking Section 69C - Held that:- The entire issue is based on appreciation of facts on record. The Tribunal has assessed the evidence to come to the conclusion that, there was no evidence in possession of the Assessing Officer to make additions. Significantly, the Tribunal noticed several inconsistencies in the contents of the email and found that the loose documents/papers were not found from the possession of the assessee, nor they were signed by the assessee and finally the purchaser of the land, was not examined by the Assessing Officer. We do not find any question of law arising. Income from house property - rateable value of the properties as determined by the Municipal Authorities - Additions made by reversing the rateable value of the property owned by the assessee which was vacant - Held that:- In case of Smt. Smitaben N. Ambani v/s. Commissioner of Wealth Tax [2009 (1) TMI 430 - BOMBAY HIGH COURT] this Court was considering a similar question in context of valuing the self occupied property, for the purpose of wealth tax of the assessee. The provisions for assessing the value of the property were similar to those applicable in case of assessee's annual rateable value in terms of Section 23 of the Act. This question is, therefore, not entertained.
|