https://www.taxtmi.com/caselaws?id=416210 The Tribunal allowed the appeal, directing the Assessing Officer to delete the notional rent assessed on the property held as stock in trade. The decision was based on the principle that income from unsold flats held as stock in trade should be treated as business income, not income from house property. The Tribunal's ruling was in line with previous judgments and legal interpretations, emphasizing the distinction between income from business and income from property. en-us Thu, 25 Nov 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416210 The Tribunal allowed the appeal, directing the Assessing Officer to delete the notional rent assessed on the property held as stock in trade. The decision was based on the principle that income from unsold flats held as stock in trade should be treated as business income, not income from house property. The Tribunal's ruling was in line with previous judgments and legal interpretations, emphasizing the distinction between income from business and income from property. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416210