https://www.taxtmi.com/caselaws?id=328052 The Tribunal ruled that the capital gain from the sale of the flat should be treated as a long-term capital gain from the date of share allotment. The matter was remanded to the Assessing Officer for recomputation, emphasizing the importance of recognizing the right to the flat as a capital asset from the date of share allotment and allowing for indexation benefits accordingly. The appeal was allowed for statistical purposes, with directions to recompute the long-term capital gain in accordance with the law. en-us Wed, 11 May 2016 00:00:00 +0530 Mon, 23 May 2016 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328052 The Tribunal ruled that the capital gain from the sale of the flat should be treated as a long-term capital gain from the date of share allotment. The matter was remanded to the Assessing Officer for recomputation, emphasizing the importance of recognizing the right to the flat as a capital asset from the date of share allotment and allowing for indexation benefits accordingly. The appeal was allowed for statistical purposes, with directions to recompute the long-term capital gain in accordance with the law. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328052