https://www.taxtmi.com/caselaws?id=445143 The appellate tribunal ITAT Mumbai allowed the appeal of the assessee HUF, condoning a 350-day delay in filing the appeal due to sufficient reasons provided. The tribunal also directed the deletion of the Rs. 930,000 addition under section 50C of the Income Tax Act, as the difference in property valuation was within the 10% tolerance limit. Consequently, all grounds of the assessee's appeal for the assessment year 2016-17 were allowed. The order was pronounced on 30.10.2023. en-us Mon, 30 Oct 2023 00:00:00 +0530 Tue, 31 Oct 2023 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445143 The appellate tribunal ITAT Mumbai allowed the appeal of the assessee HUF, condoning a 350-day delay in filing the appeal due to sufficient reasons provided. The tribunal also directed the deletion of the Rs. 930,000 addition under section 50C of the Income Tax Act, as the difference in property valuation was within the 10% tolerance limit. Consequently, all grounds of the assessee's appeal for the assessment year 2016-17 were allowed. The order was pronounced on 30.10.2023. Case-Laws Income Tax Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445143