https://www.taxtmi.com/caselaws?id=406339 For capital gains, the holding period of immovable property may begin when substantial enforceable rights arise through payment or allotment, rather than only on registration or possession. Where those rights were acquired earlier, the resulting gain is treated as long-term capital gain. Commission paid for a property transfer is deductible from sale consideration only when incurred wholly and exclusively in connection with the transfer and supported as reasonable; excessive claims may be restricted. The assessment was modified to allow long-term capital-gain treatment and a limited commission deduction. en-us Thu, 08 Apr 2021 00:00:00 +0530 Mon, 12 Apr 2021 08:15:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406339 For capital gains, the holding period of immovable property may begin when substantial enforceable rights arise through payment or allotment, rather than only on registration or possession. Where those rights were acquired earlier, the resulting gain is treated as long-term capital gain. Commission paid for a property transfer is deductible from sale consideration only when incurred wholly and exclusively in connection with the transfer and supported as reasonable; excessive claims may be restricted. The assessment was modified to allow long-term capital-gain treatment and a limited commission deduction. Case-Laws Income Tax Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406339