https://www.taxtmi.com/highlights?id=30972 Industrial gala sold - taxation as STCG or LTCG - The entire payment as per the agreement was in fact made before financial year 1998-99. Occupation certificate was also issued on 10.03.1998 - the keys were taken back by the assessee on 01.01.2005 - sale of the property in the year 2005 has to be treated as sale of long-term capital assets and gain has to be assessed as long-term-capital-gain - AT en-us Tue, 30 Aug 2016 10:59:57 +0530 Tue, 30 Aug 2016 10:59:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30972 Industrial gala sold - taxation as STCG or LTCG - The entire payment as per the agreement was in fact made before financial year 1998-99. Occupation certificate was also issued on 10.03.1998 - the keys were taken back by the assessee on 01.01.2005 - sale of the property in the year 2005 has to be treated as sale of long-term capital assets and gain has to be assessed as long-term-capital-gain - AT Highlights Income Tax Tue, 30 Aug 2016 10:59:57 +0530 https://www.taxtmi.com/highlights?id=30972