Addition of notional Annual Letting Value on closing stock of ...

Case Laws Income Tax

March 22, 2018

Addition of notional Annual Letting Value on closing stock of flats / spaces - The intention of the lawmakers was that occupation of one’s own property, in the course of business, and for the purpose of business, i.e. an active use of the property, (instead of mere passive possession) qualifies as “own” occupation for business purpose. - AT

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Addition of notional Annual Letting Value on closing stock of ...

Case Laws Income Tax

March 22, 2018

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