https://www.taxtmi.com/caselaws?id=175034 The Tribunal ruled in favor of the Assessee, determining that the gain on the sale of the property should be treated as Long Term Capital Gain (LTCG). Despite the property being registered in the Assessee's name in 2008, the Tribunal considered the original allotment and lease cum sale agreement from 1988, concluding that the Assessee held a vested right to the property since then. As a result, the Assessee was granted exemption from the tax on capital gain, with the appeal being allowed. en-us Tue, 30 Apr 2013 00:00:00 +0530 Wed, 04 Nov 2015 09:48:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175034 The Tribunal ruled in favor of the Assessee, determining that the gain on the sale of the property should be treated as Long Term Capital Gain (LTCG). Despite the property being registered in the Assessee's name in 2008, the Tribunal considered the original allotment and lease cum sale agreement from 1988, concluding that the Assessee held a vested right to the property since then. As a result, the Assessee was granted exemption from the tax on capital gain, with the appeal being allowed. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175034