https://www.taxtmi.com/caselaws?id=421846 The Tribunal adjourned the case multiple times due to the assessee's family emergencies related to the Covid-19 pandemic. Despite the adjournments, the assessee failed to appear, leading to the Tribunal proceeding ex parte. The Principal Commissioner of Income Tax set aside the assessment order under section 263 of the Income Tax Act, 1961, due to discrepancies in the deduction claimed under section 54B for the transfer of agriculture land held for less than two years. The Tribunal upheld the Commissioner's jurisdiction, dismissing the appeal and confirming the assessment order's setting aside. en-us Fri, 29 Apr 2022 00:00:00 +0530 Tue, 03 May 2022 08:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421846 The Tribunal adjourned the case multiple times due to the assessee's family emergencies related to the Covid-19 pandemic. Despite the adjournments, the assessee failed to appear, leading to the Tribunal proceeding ex parte. The Principal Commissioner of Income Tax set aside the assessment order under section 263 of the Income Tax Act, 1961, due to discrepancies in the deduction claimed under section 54B for the transfer of agriculture land held for less than two years. The Tribunal upheld the Commissioner's jurisdiction, dismissing the appeal and confirming the assessment order's setting aside. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421846