https://www.taxtmi.com/caselaws?id=377945 The Tribunal allowed the appeal, setting aside the order of the CIT(A) and held that notional income from unsold flats held as stock-in-trade should be assessed under the head 'business income' and not 'income from house property'. The decision emphasized the significance of judicial precedents and the specific circumstances under which properties are held and utilized by the assessee in determining the appropriate head of income for tax purposes. en-us Wed, 03 Apr 2019 00:00:00 +0530 Fri, 05 Apr 2019 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377945 The Tribunal allowed the appeal, setting aside the order of the CIT(A) and held that notional income from unsold flats held as stock-in-trade should be assessed under the head 'business income' and not 'income from house property'. The decision emphasized the significance of judicial precedents and the specific circumstances under which properties are held and utilized by the assessee in determining the appropriate head of income for tax purposes. Case-Laws Income Tax Wed, 03 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377945