https://www.taxtmi.com/caselaws?id=330043 The Tribunal ruled in favor of the assessee, determining that the gain on the sale of the flat should be treated as Long Term Capital Gains (LTCG) with the benefit of indexation from the date of the allotment letter. The Tribunal set aside the Principal Commissioner of Income Tax's order, concluding that the Assessing Officer's original assessment was neither erroneous nor prejudicial to the interest of the revenue. The appeal of the assessee was allowed. en-us Thu, 30 Jun 2016 00:00:00 +0530 Sat, 16 Jul 2016 11:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330043 The Tribunal ruled in favor of the assessee, determining that the gain on the sale of the flat should be treated as Long Term Capital Gains (LTCG) with the benefit of indexation from the date of the allotment letter. The Tribunal set aside the Principal Commissioner of Income Tax's order, concluding that the Assessing Officer's original assessment was neither erroneous nor prejudicial to the interest of the revenue. The appeal of the assessee was allowed. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330043