Section 23(5) Cannot Be Applied Retrospectively to Unsold Flats: ITAT Deletes Rs 31.56 Lakh Deemed Rent Addition:
ITAT deletes Rs. 31.56 lakh deemed rental income addition on unsold flats held as stock-in-trade, holding that Section 23(5) cannot apply retrospectively to AY 2017-18.
Notional Rental Income Cannot Be Taxed on Unsold Stock Before AY 2018-19: ITAT
Saloni Kumari
Aug 25, 2026
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Section 23(5) Cannot Be Applied Retrospectively to Unsold Flats: ITAT Deletes Rs 31.56 Lakh Deemed Rent Addition
ITAT deletes Rs. 31.56 lakh deemed rental income addition on unsold flats held as stock-in-trade, holding that Section 23(5) cannot apply retrospectively to AY 2017-18.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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