https://www.taxtmi.com/caselaws?id=294701 The appeal against the addition of deemed rent on unsold flats shown as stock in trade was allowed by the ITAT Pune. The Tribunal overturned the addition based on a precedent that rental income cannot be computed on flats held as stock in trade, aligning with established legal principles. The decision was pronounced in open court on 4th December 2018. en-us Tue, 04 Dec 2018 00:00:00 +0530 Thu, 29 Apr 2021 10:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294701 The appeal against the addition of deemed rent on unsold flats shown as stock in trade was allowed by the ITAT Pune. The Tribunal overturned the addition based on a precedent that rental income cannot be computed on flats held as stock in trade, aligning with established legal principles. The decision was pronounced in open court on 4th December 2018. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294701