https://www.taxtmi.com/caselaws?id=297836 The Tribunal ruled in favor of the assessee, directing the AO to delete the addition of notional Annual Letting Value (ALV) for unsold units, considering them as part of the business stock-in-trade and not subject to taxation as income from house property. Additionally, the Tribunal remitted the issue of disallowance of interest expenditure back to the AO for further examination in line with established legal principles, ensuring a consistent approach in decisions for AY 2013-14 and AY 2014-15. en-us Tue, 23 Apr 2019 00:00:00 +0530 Fri, 24 Sep 2021 07:18:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297836 The Tribunal ruled in favor of the assessee, directing the AO to delete the addition of notional Annual Letting Value (ALV) for unsold units, considering them as part of the business stock-in-trade and not subject to taxation as income from house property. Additionally, the Tribunal remitted the issue of disallowance of interest expenditure back to the AO for further examination in line with established legal principles, ensuring a consistent approach in decisions for AY 2013-14 and AY 2014-15. Case-Laws Income Tax Tue, 23 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297836