https://www.taxtmi.com/caselaws?id=433073 The appeal was allowed due to the condonation of a 493-day delay in filing, attributed to exceptional circumstances during the Covid-19 lockdown. The Tribunal ruled in favor of the assessee regarding the treatment of unsold flats as business income rather than income from house property, setting aside the Commissioner's order. Additionally, the provision made for pending work expenses was upheld as valid, as the Principal Commissioner failed to demonstrate its disallowance. As a result, the grounds raised by the assessee were accepted, leading to a favorable outcome in the appeal. en-us Thu, 15 Dec 2022 00:00:00 +0530 Thu, 19 Jan 2023 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433073 The appeal was allowed due to the condonation of a 493-day delay in filing, attributed to exceptional circumstances during the Covid-19 lockdown. The Tribunal ruled in favor of the assessee regarding the treatment of unsold flats as business income rather than income from house property, setting aside the Commissioner's order. Additionally, the provision made for pending work expenses was upheld as valid, as the Principal Commissioner failed to demonstrate its disallowance. As a result, the grounds raised by the assessee were accepted, leading to a favorable outcome in the appeal. Case-Laws Income Tax Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433073