https://www.taxtmi.com/caselaws?id=361470 The appeal challenging the disallowance of brokerage under Section 48 of the Income Tax Act was dismissed by the Tribunal, upholding the deduction for brokerage paid to Sood Realtors and Developers. Additionally, the addition on account of perceived cessation of liability under Section 41(1) was also rejected, with the Tribunal determining that the amount received for purchasing a property should not be added to the assessee's income. The appeals were dismissed, and no costs were awarded. en-us Fri, 11 May 2018 00:00:00 +0530 Thu, 07 Jun 2018 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361470 The appeal challenging the disallowance of brokerage under Section 48 of the Income Tax Act was dismissed by the Tribunal, upholding the deduction for brokerage paid to Sood Realtors and Developers. Additionally, the addition on account of perceived cessation of liability under Section 41(1) was also rejected, with the Tribunal determining that the amount received for purchasing a property should not be added to the assessee's income. The appeals were dismissed, and no costs were awarded. Case-Laws Income Tax Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361470