https://www.taxtmi.com/caselaws?id=798088 Notional rental income from unsold flats held as stock-in-trade was not assessable as income from house property where the units formed part of a real-estate project and were used as scheme offices, material stores and sample flats. Section 22 excludes property occupied for business or profession. Actual rent from let-out units had consistently been offered and accepted as business income. An ad hoc notional-rent addition under Sections 22 and 23 lacked proper enquiry, verification, supporting evidence and comparable treatment in other assessment years; therefore, the addition could not be sustained. en-us Wed, 12 Aug 2026 00:00:00 +0530 Wed, 02 Sep 2026 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798088 Notional rental income from unsold flats held as stock-in-trade was not assessable as income from house property where the units formed part of a real-estate project and were used as scheme offices, material stores and sample flats. Section 22 excludes property occupied for business or profession. Actual rent from let-out units had consistently been offered and accepted as business income. An ad hoc notional-rent addition under Sections 22 and 23 lacked proper enquiry, verification, supporting evidence and comparable treatment in other assessment years; therefore, the addition could not be sustained. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798088