https://www.taxtmi.com/highlights?id=98490 Vacant unsold flats and shops held as stock-in-trade were treated as taxable under the head income from house property on a notional annual letting value basis, with computation required to follow municipal rateable value principles rather than an ad hoc percentage of investment. Unsupported business promotion expenditure was disallowed because no bills, vouchers or other documentary evidence were produced. The addition under section 43CA was deleted for assessment year 2017-18 because the variation between consideration and stamp valuation fell within the applicable tolerance band, which was held to apply retrospectively as a curative measure. en-us Mon, 06 Apr 2026 08:51:45 +0530 Mon, 06 Apr 2026 08:51:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=98490 Vacant unsold flats and shops held as stock-in-trade were treated as taxable under the head income from house property on a notional annual letting value basis, with computation required to follow municipal rateable value principles rather than an ad hoc percentage of investment. Unsupported business promotion expenditure was disallowed because no bills, vouchers or other documentary evidence were produced. The addition under section 43CA was deleted for assessment year 2017-18 because the variation between consideration and stamp valuation fell within the applicable tolerance band, which was held to apply retrospectively as a curative measure. Highlights Income Tax Mon, 06 Apr 2026 08:51:45 +0530 https://www.taxtmi.com/highlights?id=98490