The Income Tax Appellate Tribunal (ITAT), Pune bench has held that since the unsold flats amount to stock-in-trade in the hands of the builder, no deemed rent can be derived from the same under the head “income from house property.” The assessee is in the business of Civil Engineers, Builders and Developers. The assessee, during […]
The post Builder not liable to pay Deemed Rent on Unsold Flats: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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