https://www.taxtmi.com/caselaws?id=778337 ITAT, Surat (AT) allowed the assessee's appeal, holding that unsold flats and shops shown as stock-in-trade should be treated as business income, not income from house property. The Tribunal found section 23 inapplicable and directed the AO to delete additions based on deemed annual letting value, following earlier Tribunal decisions in the assessee's own cases that similarly excluded section 23. The assessment was revised accordingly. en-us Thu, 16 Jan 2025 00:00:00 +0530 Mon, 15 Sep 2025 08:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778337 ITAT, Surat (AT) allowed the assessee's appeal, holding that unsold flats and shops shown as stock-in-trade should be treated as business income, not income from house property. The Tribunal found section 23 inapplicable and directed the AO to delete additions based on deemed annual letting value, following earlier Tribunal decisions in the assessee's own cases that similarly excluded section 23. The assessment was revised accordingly. Case-Laws Income Tax Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778337