https://www.taxtmi.com/highlights?id=45666 Date of acquisition for computation of LTCG - if allotment is not a conditional allotment and do not envisages cancellation of the allotted property, in any manner then the assessee has acquired right in a specific property on date of allotment - Subsequently, execution of agreement of sale was nothing but mere improvement in assessee’s existing rights to acquire a specific property - Gain is long term capital gain en-us Thu, 04 Apr 2019 07:21:06 +0530 Thu, 04 Apr 2019 07:21:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45666 Date of acquisition for computation of LTCG - if allotment is not a conditional allotment and do not envisages cancellation of the allotted property, in any manner then the assessee has acquired right in a specific property on date of allotment - Subsequently, execution of agreement of sale was nothing but mere improvement in assessee’s existing rights to acquire a specific property - Gain is long term capital gain Highlights Income Tax Thu, 04 Apr 2019 07:21:06 +0530 https://www.taxtmi.com/highlights?id=45666