https://www.taxtmi.com/caselaws?id=376513 The case involved a dispute over the nature of capital gain from the sale of a flat, with the assessee claiming Long Term Capital Gain based on the holding period from allotment to final payment. The Assessing Officer determined it as Short Term Capital Gain, calculating the period from the registered purchase document to the sale, denying indexation. The Commissioner of Income-Tax (Appeals) ruled in favor of the assessee, considering the holding period over three years. Regarding the date of acquisition for tax purposes, the Tribunal upheld the CIT(A)'s decision to consider the dates of allotment and full payment, rejecting the AO's stance on the registered document date. en-us Fri, 20 Jul 2018 00:00:00 +0530 Mon, 11 Mar 2019 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376513 The case involved a dispute over the nature of capital gain from the sale of a flat, with the assessee claiming Long Term Capital Gain based on the holding period from allotment to final payment. The Assessing Officer determined it as Short Term Capital Gain, calculating the period from the registered purchase document to the sale, denying indexation. The Commissioner of Income-Tax (Appeals) ruled in favor of the assessee, considering the holding period over three years. Regarding the date of acquisition for tax purposes, the Tribunal upheld the CIT(A)'s decision to consider the dates of allotment and full payment, rejecting the AO's stance on the registered document date. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376513