https://www.taxtmi.com/highlights?id=58668 Taxability of profits arising on sale of three flats through execution of sale deeds - proportionate cost of construction for three flats out of total eight flats comes is higher than the total amount received during the year resulting in shortfall - in absence of any surplus, the question of taxability doesn’t arise for consideration and addition of profits made by the AO deserve to be deleted - AT en-us Tue, 06 Jul 2021 21:48:11 +0530 Tue, 06 Jul 2021 21:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58668 Taxability of profits arising on sale of three flats through execution of sale deeds - proportionate cost of construction for three flats out of total eight flats comes is higher than the total amount received during the year resulting in shortfall - in absence of any surplus, the question of taxability doesn’t arise for consideration and addition of profits made by the AO deserve to be deleted - AT Highlights Income Tax Tue, 06 Jul 2021 21:48:11 +0530 https://www.taxtmi.com/highlights?id=58668