https://www.taxtmi.com/caselaws?id=417563 For an allotted plot, the holding period for capital gains purposes runs from the date of allotment, not from the date of execution or registration of the conveyance deed, where allotment and possession had already been given. Applying that principle, the asset was treated as a long-term capital asset and the gain as long-term capital gain. The claim for exemption under section 54 was not finally determined on the existing record and was remitted to the Assessing Officer for fresh examination of the supporting evidence. en-us Wed, 15 Dec 2021 00:00:00 +0530 Thu, 27 Jan 2022 08:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417563 For an allotted plot, the holding period for capital gains purposes runs from the date of allotment, not from the date of execution or registration of the conveyance deed, where allotment and possession had already been given. Applying that principle, the asset was treated as a long-term capital asset and the gain as long-term capital gain. The claim for exemption under section 54 was not finally determined on the existing record and was remitted to the Assessing Officer for fresh examination of the supporting evidence. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417563