https://www.taxtmi.com/caselaws?id=11518 The court held that the land should be assessed as a long-term capital asset and the building as a short-term capital asset for capital gains tax purposes. The court ruled in favor of the assessees, affirming their entitlement to the benefits under sections 80T and 54E. The question referred was answered in the affirmative, in favor of the assessees and against the Revenue. en-us Tue, 08 Apr 2003 00:00:00 +0530 Tue, 11 Aug 2009 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11518 The court held that the land should be assessed as a long-term capital asset and the building as a short-term capital asset for capital gains tax purposes. The court ruled in favor of the assessees, affirming their entitlement to the benefits under sections 80T and 54E. The question referred was answered in the affirmative, in favor of the assessees and against the Revenue. Case-Laws Income Tax Tue, 08 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11518