https://www.taxtmi.com/caselaws?id=368212 The Tribunal classified the gain from the sale of a residential property as long-term capital gains, considering the holding period from the date of the ownership agreement. Consequently, the gains were deemed eligible for indexation benefits. The Tribunal remitted the issue of deduction under Section 54 back to the Assessing Officer for re-adjudication and verification, directing the assessee to provide necessary documentation. The appeal was allowed in part, with the decision announced on 12th September 2018. en-us Wed, 12 Sep 2018 00:00:00 +0530 Thu, 04 Oct 2018 07:30:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368212 The Tribunal classified the gain from the sale of a residential property as long-term capital gains, considering the holding period from the date of the ownership agreement. Consequently, the gains were deemed eligible for indexation benefits. The Tribunal remitted the issue of deduction under Section 54 back to the Assessing Officer for re-adjudication and verification, directing the assessee to provide necessary documentation. The appeal was allowed in part, with the decision announced on 12th September 2018. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368212