https://www.taxtmi.com/caselaws?id=67498 The Appellate Tribunal ruled in favor of the assessee, determining the capital gains as long-term and granting benefits under section 54F of the Income Tax Act. The dispute centered on the interpretation of the Indian Registration Act, with the Tribunal holding that the transfer of the property should be considered a long-term capital gain based on the Act's provisions and the amended definition of 'transfer' under the Income Tax Act. The Tribunal emphasized that possession of the plot was given to the assessee at the time of allotment in 1979, aligning with the amended definition of 'transfer.' en-us Tue, 09 Feb 1993 00:00:00 +0530 Thu, 10 Mar 2011 18:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67498 The Appellate Tribunal ruled in favor of the assessee, determining the capital gains as long-term and granting benefits under section 54F of the Income Tax Act. The dispute centered on the interpretation of the Indian Registration Act, with the Tribunal holding that the transfer of the property should be considered a long-term capital gain based on the Act's provisions and the amended definition of 'transfer' under the Income Tax Act. The Tribunal emphasized that possession of the plot was given to the assessee at the time of allotment in 1979, aligning with the amended definition of 'transfer.' Case-Laws Income Tax Tue, 09 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67498