The Mumbai bench of Income Tax Appellate Tribunal (ITAT) in Haware Engineers & Builders Private Limited versus Deputy Commissioner of Income Tax Central Circle, held that the income received from flats or shops held as stock-in-trade is business income for the purpose of Income Tax Act, 1961. The sole issue in instant appeal regarding the […]
The post Income from Flats and Shops held as Stock-in-Trade is Business Income: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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