https://www.taxtmi.com/caselaws?id=292194 The Tribunal ruled in favor of the assessee, determining that the gains from the sale of the residential flat qualify as Long Term Capital Gain (LTCG) based on the date of allotment. Consequently, the assessee is entitled to the benefit of indexed cost of acquisition from 2008. Additionally, the Tribunal granted exemption under Section 54 of the Income-tax Act, allowing investment in two residential units, referencing the interpretation that "a residential house" can include multiple units. The appeal was allowed, and the order was pronounced on 18/10/2018. en-us Thu, 18 Oct 2018 00:00:00 +0530 Wed, 13 Nov 2024 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292194 The Tribunal ruled in favor of the assessee, determining that the gains from the sale of the residential flat qualify as Long Term Capital Gain (LTCG) based on the date of allotment. Consequently, the assessee is entitled to the benefit of indexed cost of acquisition from 2008. Additionally, the Tribunal granted exemption under Section 54 of the Income-tax Act, allowing investment in two residential units, referencing the interpretation that "a residential house" can include multiple units. The appeal was allowed, and the order was pronounced on 18/10/2018. Case-Laws Income Tax Thu, 18 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292194