https://www.taxtmi.com/caselaws?id=394872 Where a booking letter created transferable rights in an identified flat, the date of acquisition was taken as the booking date rather than the later agreement date. The later allotment and ownership documents merely recognised the same pre-existing right, so the holding period ran from 14.10.2006. On that basis, the transfer produced long-term capital gains, not short-term gains, making indexation available from financial year 2006-07. The alternative claim for deduction under section 54F was also restored for verification. The addition treating the gain as short-term was set aside and recomputation directed in favour of the assessee. en-us Thu, 20 Feb 2020 00:00:00 +0530 Tue, 28 Apr 2020 16:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394872 Where a booking letter created transferable rights in an identified flat, the date of acquisition was taken as the booking date rather than the later agreement date. The later allotment and ownership documents merely recognised the same pre-existing right, so the holding period ran from 14.10.2006. On that basis, the transfer produced long-term capital gains, not short-term gains, making indexation available from financial year 2006-07. The alternative claim for deduction under section 54F was also restored for verification. The addition treating the gain as short-term was set aside and recomputation directed in favour of the assessee. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394872