https://www.taxtmi.com/forum/issue?id=109926 The key issue is whether the Letter of Allotment constitutes the legal date of acquisition for capital gains and section 54F purposes. Acceptance of the Letter of Allotment as acquisition would render the subsequent sale long term and potentially qualify the taxpayer for section 54F exemption; if acquisition is only the later registered agreement or possession, the sale may be short term and section 54F inapplicable. Resolution depends on legal recognition of allotment letters, timing of registration and payments, and statutory tests for acquisition. en-us Mon, 22 Feb 2016 18:11:28 +0530 Thu, 23 Jan 2025 15:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109926 The key issue is whether the Letter of Allotment constitutes the legal date of acquisition for capital gains and section 54F purposes. Acceptance of the Letter of Allotment as acquisition would render the subsequent sale long term and potentially qualify the taxpayer for section 54F exemption; if acquisition is only the later registered agreement or possession, the sale may be short term and section 54F inapplicable. Resolution depends on legal recognition of allotment letters, timing of registration and payments, and statutory tests for acquisition. Discussion-Forum Income Tax Mon, 22 Feb 2016 18:11:28 +0530 https://www.taxtmi.com/forum/issue?id=109926