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2018 (3) TMI 1299 - AT - Income TaxAnnual letting value of unsold flats - Charging deemed income by taking Annual Letting Value(ALV) of unsold flat, which is closing stock of the assessee - Held that:- As relying on case of CIT vs. Ansal Housing Finance & Leasing Co. Ltd. [2012 (11) TMI 323 - DELHI HIGH COURT ] wherein it is held that the annual letting value of the unsold stock i.e. closing stock is assessable as deemed rent in the hands of the assessee, assessed the same as deemed income. - Decided against assessee.
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