https://www.taxtmi.com/caselaws?id=789273 Unsold flats and shops held as stock-in-trade but lying vacant may be assessed on a notional basis under the head "income from house property", although the annual letting value must be computed on an accepted legal basis such as municipal ratable value and not by ad hoc estimation. Business promotion /expenses lacking supporting bills or vouchers may be disallowed on an estimated basis. Where the difference between declared sale consideration and stamp duty value falls within the permissible tolerance range, the section 43CA deeming provision may not apply, and the later curative proviso is treated as supporting relief in genuine real-estate transactions. en-us Thu, 02 Apr 2026 00:00:00 +0530 Mon, 06 Apr 2026 08:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789273 Unsold flats and shops held as stock-in-trade but lying vacant may be assessed on a notional basis under the head "income from house property", although the annual letting value must be computed on an accepted legal basis such as municipal ratable value and not by ad hoc estimation. Business promotion /expenses lacking supporting bills or vouchers may be disallowed on an estimated basis. Where the difference between declared sale consideration and stamp duty value falls within the permissible tolerance range, the section 43CA deeming provision may not apply, and the later curative proviso is treated as supporting relief in genuine real-estate transactions. Case-Laws Income Tax Thu, 02 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789273