https://www.taxtmi.com/caselaws?id=347963 The period of holding for flats acquired through booking and instalment payments was computed from the date of allotment, because the right in the specific flats arose at allotment and later registration merely completed formalities. Applying the factual transaction structure and the principle underlying part performance, the flats were treated as long-term capital assets rather than short-term capital assets. The gains on sale were therefore taxable as long-term capital gains, and indexation was to be determined with reference to the dates of actual instalment payments. en-us Wed, 23 Aug 2017 00:00:00 +0530 Thu, 14 Sep 2017 08:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347963 The period of holding for flats acquired through booking and instalment payments was computed from the date of allotment, because the right in the specific flats arose at allotment and later registration merely completed formalities. Applying the factual transaction structure and the principle underlying part performance, the flats were treated as long-term capital assets rather than short-term capital assets. The gains on sale were therefore taxable as long-term capital gains, and indexation was to be determined with reference to the dates of actual instalment payments. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347963