https://www.taxtmi.com/caselaws?id=352250 The Tribunal allowed the appeal, ruling that income from unsold units should be treated as business income, not income from house property. The decision aligned with the Supreme Court's interpretation, considering the unsold units as stock-in-trade of the appellant's construction business. Consequently, the Tribunal set aside the CIT(A)'s order, deleting the addition based on the estimated letting value of the unsold units. This outcome favored the appellant and ensured consistency in tax treatment for similar cases. en-us Fri, 17 Nov 2017 00:00:00 +0530 Wed, 30 Mar 2022 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352250 The Tribunal allowed the appeal, ruling that income from unsold units should be treated as business income, not income from house property. The decision aligned with the Supreme Court's interpretation, considering the unsold units as stock-in-trade of the appellant's construction business. Consequently, the Tribunal set aside the CIT(A)'s order, deleting the addition based on the estimated letting value of the unsold units. This outcome favored the appellant and ensured consistency in tax treatment for similar cases. Case-Laws Income Tax Fri, 17 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352250