https://www.taxtmi.com/caselaws?id=16643 The High Court determined that the capital gains in question should be classified as long-term rather than short-term. The court considered the agreement of sale executed in 1962, which established the assessee's ownership of the property from that date, exceeding the thirty-six-month threshold for long-term capital gains. As a result, the capital gains were deemed long-term, resolving the dispute in favor of the assessee with no costs incurred. en-us Wed, 29 Apr 1998 00:00:00 +0530 Wed, 09 Sep 2009 11:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16643 The High Court determined that the capital gains in question should be classified as long-term rather than short-term. The court considered the agreement of sale executed in 1962, which established the assessee's ownership of the property from that date, exceeding the thirty-six-month threshold for long-term capital gains. As a result, the capital gains were deemed long-term, resolving the dispute in favor of the assessee with no costs incurred. Case-Laws Income Tax Wed, 29 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16643