https://www.taxtmi.com/caselaws?id=304612 The Appellate Tribunal ITAT Surat ruled in favor of the Assessee in a case concerning the addition of income from unsold shops as house property income. The Tribunal held that income from stock-in-trade, including unsold shops, should be classified as business income, not house property income. This decision aligned with established case law principles, leading to the allowance of the Assessee's appeal against the Commissioner of Income Tax's order. en-us Wed, 20 Oct 2021 00:00:00 +0530 Mon, 10 Oct 2022 20:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304612 The Appellate Tribunal ITAT Surat ruled in favor of the Assessee in a case concerning the addition of income from unsold shops as house property income. The Tribunal held that income from stock-in-trade, including unsold shops, should be classified as business income, not house property income. This decision aligned with established case law principles, leading to the allowance of the Assessee's appeal against the Commissioner of Income Tax's order. Case-Laws Income Tax Wed, 20 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304612