https://www.taxtmi.com/caselaws?id=390028 For capital gains computation on sale of immovable property, the holding period may run from the date the assessee acquires an enforceable right under an agreement to sell or allotment, rather than only from the date of registration of the conveyance deed. Applying that approach, the earlier agreement date was treated as the date of acquisition under the Income-tax Act, 1961, so the gain qualified as long-term capital gain and the addition treating it as short-term capital gain was deleted. en-us Wed, 18 Dec 2019 00:00:00 +0530 Fri, 20 Dec 2019 23:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390028 For capital gains computation on sale of immovable property, the holding period may run from the date the assessee acquires an enforceable right under an agreement to sell or allotment, rather than only from the date of registration of the conveyance deed. Applying that approach, the earlier agreement date was treated as the date of acquisition under the Income-tax Act, 1961, so the gain qualified as long-term capital gain and the addition treating it as short-term capital gain was deleted. Case-Laws Income Tax Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390028