https://www.taxtmi.com/caselaws?id=176712 The Tribunal dismissed the revenue's appeal and allowed the assessee's cross objections, determining the income from the sale of flats as capital gains. The case was remanded for reassessment to segregate the income into long term and short term capital gains based on the land and building components, with indexation applied to the cost of acquisition of land for short term capital gains. en-us Fri, 21 Jun 2013 00:00:00 +0530 Mon, 28 Dec 2015 17:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176712 The Tribunal dismissed the revenue's appeal and allowed the assessee's cross objections, determining the income from the sale of flats as capital gains. The case was remanded for reassessment to segregate the income into long term and short term capital gains based on the land and building components, with indexation applied to the cost of acquisition of land for short term capital gains. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176712