https://www.taxtmi.com/highlights?id=37140 Estimation of income from the unsold vacant units as income on notional basis - The flats not sold was its stock-in-trade and income arising on its sale is liable to be taxed as business income. - there is no justification in the order of AO for estimating rental income from these vacant flats u/s. 23 which is assessee's stock in trade as at the end of the year. - AT en-us Mon, 11 Dec 2017 07:53:57 +0530 Mon, 11 Dec 2017 07:53:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=37140 Estimation of income from the unsold vacant units as income on notional basis - The flats not sold was its stock-in-trade and income arising on its sale is liable to be taxed as business income. - there is no justification in the order of AO for estimating rental income from these vacant flats u/s. 23 which is assessee's stock in trade as at the end of the year. - AT Highlights Income Tax Mon, 11 Dec 2017 07:53:57 +0530 https://www.taxtmi.com/highlights?id=37140