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2013 (5) TMI 632 - DELHI HIGH COURTRental income from unsold flats shown as stock-in-trade in the books - “Profits and gains from business and profession” v/s “income from house property” - Held that:- Issue is no longer debatable in view of the decision of CIT v Ansal Housing Finance & Leasing Co. Ltd [2012 (11) TMI 323 - DELHI HIGH COURT] subsequently, been followed in CIT v. Discovery Estates Pvt. Ltd [2013 (3) TMI 124 - DELHI HIGH COURT] wherein held that the rental income should not be assessed under the head “income from business” but under the head “income from house property”.
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