Rent cannot be treated as other income for not recording construction expense in books

Construction expenses not recorded in books of account, cannot be a ground for assessing the rental income under the head “income from other sources”when the conditions of Section 22 of the Act for assessing the annual value of the property have been fulfilled by the assessee. By not recording construction expenses in books of account, the rights of ownership of the assessee over the property cannot be taken away and it remains the owner of the property.

1. The facts in brief of the case are that during ye

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