https://www.taxtmi.com/caselaws?id=307359 The Tribunal allowed the appeal of the assessee, holding that no addition on account of deemed rent on unsold flats could be made. The decision was based on the assessee meeting all the conditions for exclusion under section 22 of the Act, as the unsold flats were considered stock-in-trade and used for business purposes. The order of the CIT(A) was set aside, and the grounds raised by the assessee were allowed. en-us Mon, 10 Jan 2022 00:00:00 +0530 Fri, 07 Apr 2023 21:30:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307359 The Tribunal allowed the appeal of the assessee, holding that no addition on account of deemed rent on unsold flats could be made. The decision was based on the assessee meeting all the conditions for exclusion under section 22 of the Act, as the unsold flats were considered stock-in-trade and used for business purposes. The order of the CIT(A) was set aside, and the grounds raised by the assessee were allowed. Case-Laws Income Tax Mon, 10 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307359