https://www.taxtmi.com/highlights?id=76552 Capital gain computation - determination of holding period of asset - The dispute centered around whether the holding period of a capital asset should be computed from the date of allotment of a flat or the date of the buyer's agreement - Relying on relevant judicial precedents and CBDT circulars, the tribunal concluded that the date of allotment should be considered as the date of acquisition for computing capital gains tax. As a result, it allowed the long-term capital loss as reported by the assessee. en-us Fri, 12 Apr 2024 08:51:48 +0530 Fri, 12 Apr 2024 08:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76552 Capital gain computation - determination of holding period of asset - The dispute centered around whether the holding period of a capital asset should be computed from the date of allotment of a flat or the date of the buyer's agreement - Relying on relevant judicial precedents and CBDT circulars, the tribunal concluded that the date of allotment should be considered as the date of acquisition for computing capital gains tax. As a result, it allowed the long-term capital loss as reported by the assessee. Highlights Income Tax Fri, 12 Apr 2024 08:51:48 +0530 https://www.taxtmi.com/highlights?id=76552