https://www.taxtmi.com/caselaws?id=463713 ITAT SURAT held that unsold flats treated as stock-in-trade are not liable to be taxed as notional annual let under section 23 as income from house property; such flats are assessable as business income upon sale. Relying on the coordinate bench and jurisdictional HC precedent, the Tribunal directed the AO to delete the addition under section 23 and decided in favour of the assessee. en-us Thu, 21 Oct 2021 00:00:00 +0530 Fri, 12 Sep 2025 13:14:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463713 ITAT SURAT held that unsold flats treated as stock-in-trade are not liable to be taxed as notional annual let under section 23 as income from house property; such flats are assessable as business income upon sale. Relying on the coordinate bench and jurisdictional HC precedent, the Tribunal directed the AO to delete the addition under section 23 and decided in favour of the assessee. Case-Laws Income Tax Thu, 21 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463713