https://www.taxtmi.com/caselaws?id=370297 The Tribunal ruled in favor of the assessee, overturning the Pr. CIT's order under Section 263. It held that the AO's assessment order allowing the deduction under Section 54 was not erroneous. The Tribunal confirmed the assessee's entitlement to the deduction under Section 54, including the inclusion of land cost and meeting the construction timeline requirement. The Tribunal emphasized that the AO had appropriately considered all relevant factors, ultimately deciding in favor of the assessee. en-us Tue, 06 Nov 2018 00:00:00 +0530 Wed, 14 Nov 2018 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370297 The Tribunal ruled in favor of the assessee, overturning the Pr. CIT's order under Section 263. It held that the AO's assessment order allowing the deduction under Section 54 was not erroneous. The Tribunal confirmed the assessee's entitlement to the deduction under Section 54, including the inclusion of land cost and meeting the construction timeline requirement. The Tribunal emphasized that the AO had appropriately considered all relevant factors, ultimately deciding in favor of the assessee. Case-Laws Income Tax Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370297