https://www.taxtmi.com/caselaws?id=379947 The ITAT allowed the appeal of the assessee by directing the deletion of the disallowance under Section 14A and the addition on account of deemed rent for unsold units. The ITAT emphasized the requirement for the AO to record satisfaction under Section 14A(2) and upheld that unsold units held as stock-in-trade should not be taxed as income from house property. en-us Mon, 04 Feb 2019 00:00:00 +0530 Thu, 09 May 2019 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379947 The ITAT allowed the appeal of the assessee by directing the deletion of the disallowance under Section 14A and the addition on account of deemed rent for unsold units. The ITAT emphasized the requirement for the AO to record satisfaction under Section 14A(2) and upheld that unsold units held as stock-in-trade should not be taxed as income from house property. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379947