https://www.taxtmi.com/caselaws?id=382734 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, holding that no addition on account of deemed rent of unsold units held as stock in trade could be made. The ITAT found no distinguishing features between the present case and a previous decision involving the assessee's sister concern, where the issue was decided in favor of the assessee. Therefore, the ITAT set aside the Assessing Officer's addition and allowed the appeal of the assessee. en-us Wed, 26 Jun 2019 00:00:00 +0530 Wed, 10 Jul 2019 06:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382734 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, holding that no addition on account of deemed rent of unsold units held as stock in trade could be made. The ITAT found no distinguishing features between the present case and a previous decision involving the assessee's sister concern, where the issue was decided in favor of the assessee. Therefore, the ITAT set aside the Assessing Officer's addition and allowed the appeal of the assessee. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382734