https://www.taxtmi.com/caselaws?id=373784 The Appellate Tribunal recalled its initial order to reevaluate the holding period of a property, specifically a flat at Hiranandani Meadows, to determine whether the capital gain should be short term or long term. The Tribunal acknowledged an error in the original decision due to the lack of specific reasoning on the distinguishability of cited judgments. By allowing the Motion Petition, the Tribunal indicated a commitment to a fair assessment based on the parties' arguments and the relevant legal principles. The decision aimed to rectify the mistake and ensure a just outcome through a comprehensive evaluation of the facts and law. en-us Wed, 16 Jan 2019 00:00:00 +0530 Sat, 19 Jan 2019 07:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373784 The Appellate Tribunal recalled its initial order to reevaluate the holding period of a property, specifically a flat at Hiranandani Meadows, to determine whether the capital gain should be short term or long term. The Tribunal acknowledged an error in the original decision due to the lack of specific reasoning on the distinguishability of cited judgments. By allowing the Motion Petition, the Tribunal indicated a commitment to a fair assessment based on the parties' arguments and the relevant legal principles. The decision aimed to rectify the mistake and ensure a just outcome through a comprehensive evaluation of the facts and law. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373784