Court Rules in Favor of Taxpayer on Capital Gains; Building Sale Gains Ruled Long-Term, Not Short-Term.

Court Rules in Favor of Taxpayer on Capital Gains; Building Sale Gains Ruled Long-Term, Not Short-Term. https://www.taxtmi.com/highlights?id=71724 Short term capital gain or long term capital gain of capital assets - sale of building with land - denying indexed cost of acquisition and indexed cost of improvement claimed by the assessee - different treatment in the hands of co-owner of the property - Action of the AO is not correct - Relief granted - AT en-us Tue, 29 Aug 2023 08:37:59 +0530 Tue, 29 Aug 2023 08:37:59 +0530 TaxTMI RSS Generator Court Rules in Favor of Taxpayer on Capital Gains; Building Sale Gains Ruled Long-Term, Not Short-Term. https://www.taxtmi.com/highlights?id=71724 Short term capital gain or long term capital gain of capital assets - sale of building with land - denying indexed cost of acquisition and indexed cost of improvement claimed by the assessee - different treatment in the hands of co-owner of the property - Action of the AO is not correct - Relief granted - AT Highlights Income Tax Tue, 29 Aug 2023 08:37:59 +0530 https://www.taxtmi.com/highlights?id=71724