Deemed rental income of residential house u/s 23(4) - claimed ...

Section 23(4) Dispute: Flats at Lake Town Deemed Capital Assets, Not Business Assets, Affecting Rental Income Claims.

June 29, 2019

Case Laws Income Tax AT

Deemed rental income of residential house u/s 23(4) - claimed that flats owned are stock in trade - CIT(A) while upholding the addition has given a finding that three flats at Lake Town were held by the assessee as capital assets and were not business assets - assessee owned more than one house during the year and therefore additions u/s 23(4) is sustainable

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Deemed rental income of residential house u/s 23(4) - claimed ...

Section 23(4) Dispute: Flats at Lake Town Deemed Capital Assets, Not Business Assets, Affecting Rental Income Claims.

June 29, 2019

Case Laws Income Tax AT

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