https://www.taxtmi.com/caselaws?id=241857 The ITAT allowed the appeal, overturning the disallowance of bad debts and the addition under 'income from house property.' The commission due from parties qualified as bad debt written off, and properties were held as stock in trade, not capital assets. The treatment of municipal tax was directed to be adjusted accordingly. en-us Tue, 31 Dec 2013 00:00:00 +0530 Thu, 02 Jan 2014 08:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241857 The ITAT allowed the appeal, overturning the disallowance of bad debts and the addition under 'income from house property.' The commission due from parties qualified as bad debt written off, and properties were held as stock in trade, not capital assets. The treatment of municipal tax was directed to be adjusted accordingly. Case-Laws Income Tax Tue, 31 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241857