https://www.taxtmi.com/caselaws?id=176149 The Tribunal upheld the classification of profit on the sale of an incomplete flat as a long-term capital gain, considering the ownership of the land as a capital asset held for more than 36 months. The Tribunal also ruled to tax the discounted interest amount received from the National Housing Bank in the year of receipt based on the Kerala High Court's decision. However, the Tribunal upheld the disallowance of brokerage paid for the sale of rights in a flat due to lack of evidence and services rendered by the brokers. en-us Fri, 21 Feb 2003 00:00:00 +0530 Tue, 15 Dec 2015 09:57:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176149 The Tribunal upheld the classification of profit on the sale of an incomplete flat as a long-term capital gain, considering the ownership of the land as a capital asset held for more than 36 months. The Tribunal also ruled to tax the discounted interest amount received from the National Housing Bank in the year of receipt based on the Kerala High Court's decision. However, the Tribunal upheld the disallowance of brokerage paid for the sale of rights in a flat due to lack of evidence and services rendered by the brokers. Case-Laws Income Tax Fri, 21 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176149