https://www.taxtmi.com/highlights?id=74124 Applicability of provisions of section 28(vi)(a) - conversion of the unsold inventory into fixed asset - merely because some of the built-up area was leased out for earning rental income does not alter the nature of the asset and it would tantamount to exploitation of the unsold inventory to earn income. No infirmity in his order holding that provisions of section 28(vi)(a) do not apply to the facts of the case for the impugned A.Y. - AT en-us Fri, 12 Jan 2024 14:00:19 +0530 Fri, 12 Jan 2024 14:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74124 Applicability of provisions of section 28(vi)(a) - conversion of the unsold inventory into fixed asset - merely because some of the built-up area was leased out for earning rental income does not alter the nature of the asset and it would tantamount to exploitation of the unsold inventory to earn income. No infirmity in his order holding that provisions of section 28(vi)(a) do not apply to the facts of the case for the impugned A.Y. - AT Highlights Income Tax Fri, 12 Jan 2024 14:00:19 +0530 https://www.taxtmi.com/highlights?id=74124