https://www.taxtmi.com/caselaws?id=294311 The Tribunal allowed the appeals for both A.Y. 2013-14 and A.Y. 2014-15, directing the deletion of additions made by the AO for estimating the Annual Letting Value (ALV) of unsold flats as 'Income from house property'. The Tribunal held that the unsold flats, treated as stock-in-trade, should be assessed under 'Income from business', overturning the AO's assessment under 'Income from house property'. en-us Thu, 22 Aug 2019 00:00:00 +0530 Mon, 05 Apr 2021 19:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294311 The Tribunal allowed the appeals for both A.Y. 2013-14 and A.Y. 2014-15, directing the deletion of additions made by the AO for estimating the Annual Letting Value (ALV) of unsold flats as 'Income from house property'. The Tribunal held that the unsold flats, treated as stock-in-trade, should be assessed under 'Income from business', overturning the AO's assessment under 'Income from house property'. Case-Laws Income Tax Thu, 22 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294311