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![No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/u-s-234-Act-Deemed-Rent-on-Unsold-Flats-declared-as-Stock-In-Trade-ITAT-TAXSCAN.jpg "No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]")
No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]
In a significant case the Pune bench of the Income Tax Appellate Tribunal (ITAT) held that no addition could be made under Section 23(4) of Income...
![No Deemed Rent on Flats Sold by Builder declared as Stock-in-Trade: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deemed-Rent-Flats-Sold-by-Builder-Stock-in-Trade-Deemed-Rent-Flats-Sold-Deemed-Rent-on-Flats-Sold-ITAT-Builder-taxscan-1.jpg "No Deemed Rent on Flats Sold by Builder declared as Stock-in-Trade: ITAT [Read Order]")
![Addition of Deemed Rent cannot be made in respect of a Non-Habitable Residential Flat: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Deemed-Rent-Residential-Flat-ITAT-Income-Tax-Tax-taxscan.jpg "Addition of Deemed Rent cannot be made in respect of a Non-Habitable Residential Flat: ITAT [Read Order]")
![No Income Tax on Deemed Rent on Unsold Flats held by Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Tax-Deemed-Rent-Builder-ITAT-taxscan-1.jpg "No Income Tax on Deemed Rent on Unsold Flats held by Builder: ITAT [Read Order]")
![Deemed Rent not applicable to Property that is ‘Stock-in-Trade’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Deemed-Rent-Property-Stock-in-Trade-ITAT-taxscan.jpeg "Deemed Rent not applicable to Property that is ‘Stock-in-Trade’: ITAT [Read Order]")
![Builder not liable to pay Deemed Rent on Unsold Flats: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/05/Deemed-Rent-ITAT-Taxscan.jpg "Builder not liable to pay Deemed Rent on Unsold Flats: ITAT [Read Order]")
Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]
In the case between M/s. Runwal Constructions vs. Assistant Commissioner of Income Tax, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently ruled that the Assessing Officer cannot take...
![Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Flat-Taxscan.jpg "Deemed Rent from Unsold Flats not Taxable as they are Stock-in-Trade of Assessee-Builder: ITAT [Read Order]")