{"id":1749,"date":"2018-07-14T10:12:38","date_gmt":"2018-07-14T10:12:38","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ito-v-arihant-estate-pvt-ltd-mumtrib-www-itatonline-org\/"},"modified":"2018-07-14T10:51:09","modified_gmt":"2018-07-14T10:51:09","slug":"ito-v-arihant-estate-pvt-ltd-mumtrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-arihant-estate-pvt-ltd-mumtrib-www-itatonline-org\/","title":{"rendered":"ITO v. Arihant Estate Pvt. Ltd. (Mum)(Trib), www.itatonline. Org"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Tribunal\u00a0held that , unsold flats which are held by a builder as stock in trade cannot be brought to tax under the head &#8216;income from house property&#8217;. They are only assessable as business profits when sold. (Followed Runwal Constructions v. ACIT\u00a0ITA No 5408\/5409 \/Mum\/2016 dt. 22-02-2018) (ITANO.6037\/Mum\/2016, dt. 27.06.2018)( AY. 2012-13)<\/p>\n<p><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Arihant-Estate-ALV-Stock-in-trade.pdf\"><strong>[Click here to download PDF file]<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 23 : Income from house property &#8211; Annual value &#8211;  Stock in trade \u2013Unsold flats which are held by a builder as stock in trade cannot be brought to tax under the head &#8216;income from house property&#8217;. They are only assessable as business profits when sold. [ S.22 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1749","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-sd","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1749"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1749\/revisions"}],"predecessor-version":[{"id":1763,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1749\/revisions\/1763"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}