https://www.taxtmi.com/caselaws?id=798572 Completed but unsold flats held by a real-estate developer as stock-in-trade retained that character for Assessment Year 2015-16 and did not attract notional income from house property. The specific provision addressing annual value of property held as stock-in-trade applied prospectively from Assessment Year 2018-19. Transfer-pricing adjustments to brokerage require a recognised benchmarking method, reliable comparable uncontrolled transactions or other dependable material, and analysis of functions, assets and risks. A general market estimate could not justify reducing brokerage where the marketing entity performed extensive advertising, sales, customer-support and related functions. Accordingly, unsupported substitution of the actual brokerage rate was not sustainable. en-us Tue, 25 Aug 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798572 Completed but unsold flats held by a real-estate developer as stock-in-trade retained that character for Assessment Year 2015-16 and did not attract notional income from house property. The specific provision addressing annual value of property held as stock-in-trade applied prospectively from Assessment Year 2018-19. Transfer-pricing adjustments to brokerage require a recognised benchmarking method, reliable comparable uncontrolled transactions or other dependable material, and analysis of functions, assets and risks. A general market estimate could not justify reducing brokerage where the marketing entity performed extensive advertising, sales, customer-support and related functions. Accordingly, unsupported substitution of the actual brokerage rate was not sustainable. Case-Laws Income Tax Tue, 25 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798572