Annual value for stock-in-trade properties not let will be nil up to two years from completion certificate date. The amendment substitutes the words 'nil for' with 'nil up to' in the rule determining annual value for properties held as stock-in-trade and not let, so that the annual value is treated as nil up to two years from the end of the financial year in which the completion certificate is obtained; effective 1 April 2026.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Annual value for stock-in-trade properties not let will be nil up to two years from completion certificate date.
The amendment substitutes the words "nil for" with "nil up to" in the rule determining annual value for properties held as stock-in-trade and not let, so that the annual value is treated as nil up to two years from the end of the financial year in which the completion certificate is obtained; effective 1 April 2026.
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