https://www.taxtmi.com/caselaws?id=208631 The appeal was dismissed as the Tribunal upheld that the capital gain from the property sale was short-term, based on the property being held for less than 36 months. The cost of the land to the previous owner was deemed inapplicable, with ownership determined from 2-11-2004. The market value as of 1-4-1981 was not considered for computation, and indexation benefits were denied due to the short-term nature of the capital gain. en-us Fri, 29 Apr 2011 00:00:00 +0530 Mon, 23 Jan 2012 08:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208631 The appeal was dismissed as the Tribunal upheld that the capital gain from the property sale was short-term, based on the property being held for less than 36 months. The cost of the land to the previous owner was deemed inapplicable, with ownership determined from 2-11-2004. The market value as of 1-4-1981 was not considered for computation, and indexation benefits were denied due to the short-term nature of the capital gain. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208631