https://www.taxtmi.com/caselaws?id=386531 The appeal against the order confirming rectification under section 154 of the Act for the assessment year 2013-14 was allowed by the Tribunal. The Tribunal found discrepancies in the Joint Development Agreement leading to an apparent mistake in the sale value computation. It directed the Assessing Officer to reevaluate the cost of construction based on the evidence presented by the assessee and reconsider the deduction claim under section 54 of the Act. The matter was remanded for a fresh assessment, and the decision was pronounced in open court on 27th September 2019. en-us Fri, 27 Sep 2019 00:00:00 +0530 Tue, 01 Oct 2019 09:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386531 The appeal against the order confirming rectification under section 154 of the Act for the assessment year 2013-14 was allowed by the Tribunal. The Tribunal found discrepancies in the Joint Development Agreement leading to an apparent mistake in the sale value computation. It directed the Assessing Officer to reevaluate the cost of construction based on the evidence presented by the assessee and reconsider the deduction claim under section 54 of the Act. The matter was remanded for a fresh assessment, and the decision was pronounced in open court on 27th September 2019. Case-Laws Income Tax Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386531