https://www.taxtmi.com/highlights?id=58604 Income from house property - annual letting value of unsold flats - Estimating rental income by the AO for these three flats as income from house property was not justified insofar as these flats were neither given on rent nor the assessee has intention to earn rent by letting out the flats. The flats not sold was its stock-in-trade and income arising on its sale is liable to be taxed as business income - AT en-us Fri, 02 Jul 2021 13:50:41 +0530 Fri, 02 Jul 2021 13:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58604 Income from house property - annual letting value of unsold flats - Estimating rental income by the AO for these three flats as income from house property was not justified insofar as these flats were neither given on rent nor the assessee has intention to earn rent by letting out the flats. The flats not sold was its stock-in-trade and income arising on its sale is liable to be taxed as business income - AT Highlights Income Tax Fri, 02 Jul 2021 13:50:41 +0530 https://www.taxtmi.com/highlights?id=58604