Rent from Unsold Flat by Developer Taxable as ‘Income from House Property’: ITAT [Read Order]

Rent - Unsold Flat - Developer - Income from House Property - ITAT - Taxsacan

The Income Tax Appellate Tribunal Pune Bench has held that the rent from unsold flats by the developer is taxable as “income from house property”. The appellant, Mr. Atul Jaiprakash Goel, is a Builder, Promoter, and Developer. Some of the unsold units in the projects by the name “Gangadham Commercial” and “Ganga Collidium” were let…

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