https://www.taxtmi.com/caselaws?id=381975 For computing the holding period under section 2(42A) of the Income-tax Act, 1961, the relevant date is when the assessee acquires substantive rights in the property by allotment and payment, not the later date of possession or registered conveyance. On that basis, the asset was treated as a long-term capital asset because it was held for more than 36 months from allotment, and the assessee was entitled to exemption under section 54F. en-us Tue, 18 Jun 2019 00:00:00 +0530 Fri, 21 Jun 2019 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381975 For computing the holding period under section 2(42A) of the Income-tax Act, 1961, the relevant date is when the assessee acquires substantive rights in the property by allotment and payment, not the later date of possession or registered conveyance. On that basis, the asset was treated as a long-term capital asset because it was held for more than 36 months from allotment, and the assessee was entitled to exemption under section 54F. Case-Laws Income Tax Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381975