https://www.taxtmi.com/caselaws?id=186146 The Tribunal allowed the assessee's appeals and dismissed the revenue's appeals concerning the validity of assessment orders under section 143(3) for AY 1988-89 and 1989-90. The Tribunal held that the increased ground rent liability was definite and enforceable, not contingent as claimed by the Commissioner of Income-tax. The Assessing Officer's disallowance of the deduction for the increased ground rent was deemed incorrect, and the Tribunal canceled the orders under section 263, upholding the assessee's position. en-us Tue, 12 Aug 2003 00:00:00 +0530 Thu, 08 Sep 2016 15:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186146 The Tribunal allowed the assessee's appeals and dismissed the revenue's appeals concerning the validity of assessment orders under section 143(3) for AY 1988-89 and 1989-90. The Tribunal held that the increased ground rent liability was definite and enforceable, not contingent as claimed by the Commissioner of Income-tax. The Assessing Officer's disallowance of the deduction for the increased ground rent was deemed incorrect, and the Tribunal canceled the orders under section 263, upholding the assessee's position. Case-Laws Income Tax Tue, 12 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186146