https://www.taxtmi.com/caselaws?id=382331 Gains from transfer of industrial sheds were treated as long-term capital gains because the holding period was counted from the date of allotment and possession, not from the date of the formal sale deed. The expression "held" in section 2(42A) was read broadly to include possession under the allotment and lease-cum-sale arrangement, and section 2(47)(v) recognised transfer through possession in part performance. On that basis, the sheds had been held long enough to fall outside short-term capital gains treatment; the contrary pre-amendment authority was not applied. en-us Tue, 04 Jun 2019 00:00:00 +0530 Thu, 03 Oct 2019 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382331 Gains from transfer of industrial sheds were treated as long-term capital gains because the holding period was counted from the date of allotment and possession, not from the date of the formal sale deed. The expression "held" in section 2(42A) was read broadly to include possession under the allotment and lease-cum-sale arrangement, and section 2(47)(v) recognised transfer through possession in part performance. On that basis, the sheds had been held long enough to fall outside short-term capital gains treatment; the contrary pre-amendment authority was not applied. Case-Laws Income Tax Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382331