https://www.taxtmi.com/caselaws?id=344805 For capital gains purposes, the date of allotment, when enforceable rights in the flat accrued, was treated as the date of acquisition; later registration, possession and completion steps were treated as consequential, so the gain remained long-term. On the valuation question, section 50C applied only where stamp valuation evidence was properly available, and the matter required fresh verification by the Assessing Officer. Interest paid on borrowings for acquiring the flat was held to form part of the cost of acquisition under section 48, so the addition made on that count could not stand. en-us Thu, 23 Feb 2017 00:00:00 +0530 Wed, 28 Jun 2017 08:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344805 For capital gains purposes, the date of allotment, when enforceable rights in the flat accrued, was treated as the date of acquisition; later registration, possession and completion steps were treated as consequential, so the gain remained long-term. On the valuation question, section 50C applied only where stamp valuation evidence was properly available, and the matter required fresh verification by the Assessing Officer. Interest paid on borrowings for acquiring the flat was held to form part of the cost of acquisition under section 48, so the addition made on that count could not stand. Case-Laws Income Tax Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344805