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2019 (3) TMI 1656 - AT - Income TaxComputing the deemed rental income u/s 22 under the head of income from house property even when these unsold flat lying as stock in trade in completed project - HELD THAT:- Assessee stated that this issue is squarely covered by various decisions of co-ordinate bench, wherein view is taken that there are two different views of High Courts namely Hon’ble High Court of Gujarat in the case of CIT vs. Neha Builders P. Ltd. [2006 (8) TMI 105 - GUJARAT HIGH COURT] has held that the property hold as stock in trade becomes or partake character of the stock and no income derived therefrom, whatever, income from business cannot be held as income from house property. Similarly, the opposite view is taken in the case of CIT v. Ansal Housing and Construction Ltd [2012 (11) TMI 323 - DELHI HIGH COURT] - Decided in favour of assessee.
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