Case Law Details
Case Name : Income Tax Officer Vs. M/s M.G. Builders & Co. P. Ltd. (ITAT Delhi)
Appeal Number : ITA No. 1865(Del)/2011
Date of Judgement/Order : 17/02/2012
Related Assessment Year : 2007- 08
Courts :
All ITAT ITAT Delhi
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We find that the undisputed fact is that the premises are trading assets and have been shown as stock-in-trade. No rent has been received in respect of these unsold assets. The income from the properties have been shown and accepted to be taxable u/s 28. Unless specifically provided a notional income cannot be brough
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Please kindly tell the date from when the above judgement is have come into effectiveness.