https://www.taxtmi.com/caselaws?id=334368 The tax treatment of gains from an immovable property depends on the date when enforceable rights, title and interest are actually acquired, not merely on an asserted booking or allotment date. Where the allotment terms and supporting evidence are not on record, the period of holding cannot be conclusively fixed and the distinction between short-term and long-term capital asset remains open for factual verification. Indexation of cost likewise cannot be allowed mechanically from an unsupported acquisition date; it must align with the established acquisition timeline and, where payments are made in instalments, with the actual dates of payment. The matter therefore requires fresh factual examination before the Assessing Officer. en-us Tue, 20 Sep 2016 00:00:00 +0530 Fri, 11 Nov 2016 11:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334368 The tax treatment of gains from an immovable property depends on the date when enforceable rights, title and interest are actually acquired, not merely on an asserted booking or allotment date. Where the allotment terms and supporting evidence are not on record, the period of holding cannot be conclusively fixed and the distinction between short-term and long-term capital asset remains open for factual verification. Indexation of cost likewise cannot be allowed mechanically from an unsupported acquisition date; it must align with the established acquisition timeline and, where payments are made in instalments, with the actual dates of payment. The matter therefore requires fresh factual examination before the Assessing Officer. Case-Laws Income Tax Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334368