https://www.taxtmi.com/caselaws?id=65307 The Tribunal determined that the gain from the sale of rights in a DDA flat was correctly treated as a short-term capital gain. The registration in 1981 only granted the right to participate in a future draw and did not confer a specific property right until the allotment in 1990. The Tribunal held that the property right was acquired only at the time of allotment, not at registration. Various case laws cited were found not applicable as they did not align with the specific conditions of the DDA scheme and draw process. en-us Fri, 22 Nov 2002 00:00:00 +0530 Mon, 14 Feb 2011 18:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65307 The Tribunal determined that the gain from the sale of rights in a DDA flat was correctly treated as a short-term capital gain. The registration in 1981 only granted the right to participate in a future draw and did not confer a specific property right until the allotment in 1990. The Tribunal held that the property right was acquired only at the time of allotment, not at registration. Various case laws cited were found not applicable as they did not align with the specific conditions of the DDA scheme and draw process. Case-Laws Income Tax Fri, 22 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65307