https://www.taxtmi.com/caselaws?id=23101 Rights acquired under agreements to purchase immovable property, when transferred after being held for more than 36 months, are treated as a long-term capital asset. The capital gains character follows the holding period of the contractual rights actually transferred, not merely the later conveyance of the flat. On the stated facts, the transfer of the entire right, title and interest in the flat after that holding period was regarded as giving rise to long-term capital gains. en-us Tue, 07 Aug 1990 00:00:00 +0530 Wed, 16 Dec 2009 17:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23101 Rights acquired under agreements to purchase immovable property, when transferred after being held for more than 36 months, are treated as a long-term capital asset. The capital gains character follows the holding period of the contractual rights actually transferred, not merely the later conveyance of the flat. On the stated facts, the transfer of the entire right, title and interest in the flat after that holding period was regarded as giving rise to long-term capital gains. Case-Laws Income Tax Tue, 07 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23101