https://www.taxtmi.com/highlights?id=61082 Income from house property - Deemed let out value of the closing stock - the unsold flats which are stock in trade when they were sold they are assessable under the head ‘income from business’ when they are sold and therefore the AO is not correct in bringing to tax notional annual letting value in respect of those unsold flats under the head ‘income from house property’. - AT en-us Thu, 23 Dec 2021 12:10:40 +0530 Thu, 23 Dec 2021 12:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61082 Income from house property - Deemed let out value of the closing stock - the unsold flats which are stock in trade when they were sold they are assessable under the head ‘income from business’ when they are sold and therefore the AO is not correct in bringing to tax notional annual letting value in respect of those unsold flats under the head ‘income from house property’. - AT Highlights Income Tax Thu, 23 Dec 2021 12:10:40 +0530 https://www.taxtmi.com/highlights?id=61082