https://www.taxtmi.com/caselaws?id=283877 The Tribunal allowed both appeals, determining that the notional income from unsold units held as stock-in-trade should be classified as business income rather than taxed under "Income from house property." The Tribunal overturned the A.O's additions for A.Y. 2013-14 and A.Y. 2014-15, setting aside the CIT(A)'s orders. The decision was pronounced on 26.04.2019 for ITA No. 282/Mum/2018 and ITA No. 283/Mum/2018. en-us Fri, 26 Apr 2019 00:00:00 +0530 Sat, 19 Oct 2019 11:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283877 The Tribunal allowed both appeals, determining that the notional income from unsold units held as stock-in-trade should be classified as business income rather than taxed under "Income from house property." The Tribunal overturned the A.O's additions for A.Y. 2013-14 and A.Y. 2014-15, setting aside the CIT(A)'s orders. The decision was pronounced on 26.04.2019 for ITA No. 282/Mum/2018 and ITA No. 283/Mum/2018. Case-Laws Income Tax Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283877