Assessing Officer assessed deemed income from unsold units in hands of assessee as per provisions of sections 22 and 23 at 8.5 of investment. On appeal the Tribunal held that though deemed rent on unsold stock is exigible to tax under head ‘Income from house property but since Assessing Officer had made an ad hoc estimate of 8.5 per cent of investment on plea that assessee had not been able to provide municipal ratable value and not computed deemed rent on municipal ratable value or any nearly similar instance, Assessing Officer was directed to compute valuation of deemed rent afresh. (AY. 2015-16)