https://www.taxtmi.com/caselaws?id=190751 The Tribunal upheld the CIT(A)'s decision, confirming the sale of property as a long-term capital loss rather than a short-term capital gain. The dispute centered on the acquisition date of the capital asset, with the Tribunal determining that the Assessee acquired the right in 1994, leading to the classification of the loss as long-term. The Revenue's appeal was dismissed, and the order was pronounced in December 2011. en-us Wed, 21 Dec 2011 00:00:00 +0530 Fri, 24 Feb 2017 17:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190751 The Tribunal upheld the CIT(A)'s decision, confirming the sale of property as a long-term capital loss rather than a short-term capital gain. The dispute centered on the acquisition date of the capital asset, with the Tribunal determining that the Assessee acquired the right in 1994, leading to the classification of the loss as long-term. The Revenue's appeal was dismissed, and the order was pronounced in December 2011. Case-Laws Income Tax Wed, 21 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190751