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Case Law Details

Case Name : Sugam Realty Limited Vs DCIT (ITAT Kolkata)
Related Assessment Year : 2017-18
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Sugam Realty Limited Vs DCIT (ITAT Kolkata)

ITAT Kolkata held that as per provisions of section 23(1)(c) the annual lettable value of the vacant property of unsold units/flats held as stock-in-trade by the assessee but remained vacant during the year is to be computed at Rs. NIL.

Facts- The assessee is a private limited company engaged in the business of construction of properties. AO noticed that the assessee company owns various units as stock-in-trade and rent received

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