https://www.taxtmi.com/caselaws?id=796504 Completed unsold units held as stock-in-trade may attract notional rental income under section 23(5) after the prescribed vacancy period where completion and occupation certificates have been obtained and the units are not work-in-progress. Identified units for which advances have been received, without final possession, may be excluded from the notional-rent base subject to verification of supporting details; where such material is first filed in appeal, Rule 46A verification is required. Annual letting value should be based on municipal ratable value rather than an ad hoc percentage of the cost of unsold stock. en-us Wed, 24 Jun 2026 00:00:00 +0530 Thu, 06 Aug 2026 09:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796504 Completed unsold units held as stock-in-trade may attract notional rental income under section 23(5) after the prescribed vacancy period where completion and occupation certificates have been obtained and the units are not work-in-progress. Identified units for which advances have been received, without final possession, may be excluded from the notional-rent base subject to verification of supporting details; where such material is first filed in appeal, Rule 46A verification is required. Annual letting value should be based on municipal ratable value rather than an ad hoc percentage of the cost of unsold stock. Case-Laws Income Tax Wed, 24 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796504