TMI BlogIncome from house property - Deemed let out value of the closing stock - the unsold flats which are...Income from house property - Deemed let out value of the closing stock - the unsold flats which are stock in trade when they were sold they are assessable under the head ‘income from business’ when they are sold and therefore the AO is not correct in bringing to tax notional annual letting value in respect of those unsold flats under the head ‘income from house property’. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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