https://www.taxtmi.com/caselaws?id=424919 The Tribunal allowed the appeal, determining that the capital gain from the sale of the flat should be treated as long-term. The exemption under Section 54 of the Income Tax Act, 1961, was granted to the assessee. The decision highlighted the significance of the date of allotment or development agreement in calculating the period of holding for capital gains tax purposes. en-us Fri, 20 May 2022 00:00:00 +0530 Tue, 12 Jul 2022 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424919 The Tribunal allowed the appeal, determining that the capital gain from the sale of the flat should be treated as long-term. The exemption under Section 54 of the Income Tax Act, 1961, was granted to the assessee. The decision highlighted the significance of the date of allotment or development agreement in calculating the period of holding for capital gains tax purposes. Case-Laws Income Tax Fri, 20 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424919