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Income Tax - Highlights / Catch Notes

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Rental income from unsold flats shown as stock-in-trade in the ...


High Court Rules Rental Income from Unsold Flats as "Income from House Property," Not "Income from Business.

May 27, 2013

Case Laws     Income Tax     HC

Rental income from unsold flats shown as stock-in-trade in the books - “ should not be assessed under the head “income from business” but under the head “income from house property” - HC

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