https://www.taxtmi.com/caselaws?id=380658 For computing the holding period of immovable property under section 2(42A), title passes on execution of a registered conveyance, and a later occupation certificate does not defer ownership or the start of holding. On that basis, gains from the sale of commercial properties acquired under registered deeds in December 2005 and transferred in January 2010 were treated as long-term capital gains. Deduction claims under section 48(1) for cost of improvement and transfer-related expenditure were only partly acceptable: pre-operative expenditure was not connected with transfer and was disallowed, while brokerage and professional fee claims required factual verification before the Assessing Officer. en-us Wed, 22 May 2019 00:00:00 +0530 Fri, 24 May 2019 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380658 For computing the holding period of immovable property under section 2(42A), title passes on execution of a registered conveyance, and a later occupation certificate does not defer ownership or the start of holding. On that basis, gains from the sale of commercial properties acquired under registered deeds in December 2005 and transferred in January 2010 were treated as long-term capital gains. Deduction claims under section 48(1) for cost of improvement and transfer-related expenditure were only partly acceptable: pre-operative expenditure was not connected with transfer and was disallowed, while brokerage and professional fee claims required factual verification before the Assessing Officer. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380658