Estimation of income from the unsold vacant units as income on ...

Case Laws Income Tax

December 11, 2017

Estimation of income from the unsold vacant units as income on notional basis - The flats not sold was its stock-in-trade and income arising on its sale is liable to be taxed as business income. - there is no justification in the order of AO for estimating rental income from these vacant flats u/s. 23 which is assessee's stock in trade as at the end of the year. - AT

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Estimation of income from the unsold vacant units as income on ...

Case Laws Income Tax

December 11, 2017

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