https://www.taxtmi.com/caselaws?id=758711 ITAT Mumbai held that for determining holding period and LTCG, the allotment date is paramount, with subsequent acts like payment installments and sale deed execution being consequential. The tribunal directed AO to consider stamp duty value as Rs. 1,88,00,000 versus sale consideration of Rs. 1,75,00,000 as on 22.12.2014. The assessee's 1/3rd share of the difference (Rs. 13,00,000) was to be added under "Income from other sources" per section 56(2)(x). Following consistency principle from daughter's case, the appeal was partly allowed with modified addition. en-us Wed, 28 Aug 2024 00:00:00 +0530 Wed, 18 Sep 2024 07:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758711 ITAT Mumbai held that for determining holding period and LTCG, the allotment date is paramount, with subsequent acts like payment installments and sale deed execution being consequential. The tribunal directed AO to consider stamp duty value as Rs. 1,88,00,000 versus sale consideration of Rs. 1,75,00,000 as on 22.12.2014. The assessee's 1/3rd share of the difference (Rs. 13,00,000) was to be added under "Income from other sources" per section 56(2)(x). Following consistency principle from daughter's case, the appeal was partly allowed with modified addition. Case-Laws Income Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758711