https://www.taxtmi.com/caselaws?id=387435 The Tribunal upheld the reassessment order's validity despite jurisdictional discrepancies, citing the assessee's participation without objection. It directed the allowance of brokerage expenses at 2% for land sale, disallowing levelling costs due to insufficient evidence. The deduction under Section 54F was permitted after rectifying a valuation report error, rendering the undisclosed income addition under Section 68 moot. The decision was issued on 18th October 2019. en-us Fri, 18 Oct 2019 00:00:00 +0530 Tue, 22 Oct 2019 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387435 The Tribunal upheld the reassessment order's validity despite jurisdictional discrepancies, citing the assessee's participation without objection. It directed the allowance of brokerage expenses at 2% for land sale, disallowing levelling costs due to insufficient evidence. The deduction under Section 54F was permitted after rectifying a valuation report error, rendering the undisclosed income addition under Section 68 moot. The decision was issued on 18th October 2019. Case-Laws Income Tax Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387435