https://www.taxtmi.com/caselaws?id=219392 For computing the holding period of a flat, the decisive date is when possession and ownership rights are acquired, not merely the date of an earlier purchase agreement. The Tribunal noted that part performance and possession after part payment may fix the year of acquisition, but because the findings on the possession date were inconsistent, the matter was remitted for verification. If possession is found to have been taken on 20.12.2000, the resulting gain would be treated as long-term capital gain; otherwise, the classification must be determined afresh on the verified facts. en-us Wed, 25 Jul 2012 00:00:00 +0530 Thu, 13 Dec 2012 22:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219392 For computing the holding period of a flat, the decisive date is when possession and ownership rights are acquired, not merely the date of an earlier purchase agreement. The Tribunal noted that part performance and possession after part payment may fix the year of acquisition, but because the findings on the possession date were inconsistent, the matter was remitted for verification. If possession is found to have been taken on 20.12.2000, the resulting gain would be treated as long-term capital gain; otherwise, the classification must be determined afresh on the verified facts. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219392