https://www.taxtmi.com/caselaws?id=119828 The Tribunal allowed the appeal by the assessee, overturning the tax authorities' decisions. It determined that the industrial shed was a long-term capital asset held from 28-12-1994, when the first instalment was paid. Consequently, the sale of the shed on 15-12-2000 resulted in a long-term capital loss/gain. en-us Fri, 03 Nov 2006 00:00:00 +0530 Mon, 04 Mar 2024 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119828 The Tribunal allowed the appeal by the assessee, overturning the tax authorities' decisions. It determined that the industrial shed was a long-term capital asset held from 28-12-1994, when the first instalment was paid. Consequently, the sale of the shed on 15-12-2000 resulted in a long-term capital loss/gain. Case-Laws Income Tax Fri, 03 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119828