https://www.taxtmi.com/caselaws?id=773005 Tribunal ruled that unsold flats held as stock in trade cannot attract notional rental income under section 22 of Income Tax Act. Following coordinate bench decisions, the court deleted the Rs. 11,02,060/- addition made by AO under house property income. The ruling emphasized that income from such properties is taxable under business income, not house property, and rejected the AO's estimation of Annual Letting Value based on rent from a single flat. en-us Thu, 08 May 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773005 Tribunal ruled that unsold flats held as stock in trade cannot attract notional rental income under section 22 of Income Tax Act. Following coordinate bench decisions, the court deleted the Rs. 11,02,060/- addition made by AO under house property income. The ruling emphasized that income from such properties is taxable under business income, not house property, and rejected the AO's estimation of Annual Letting Value based on rent from a single flat. Case-Laws Income Tax Thu, 08 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773005