https://www.taxtmi.com/caselaws?id=762319 ITAT Delhi held that assessee's property transfer constituted long-term capital gains, not short-term, as the acquisition date was traced to 1984 when GDA originally acquired the land, not 2014 when title was formally transferred. The assessee held lien rights through her deceased husband from the original acquisition date. The tribunal allowed indexed cost of acquisition from 1987 and development fees paid in 2013 as allowable costs. The exemption claim under section 54EC was remitted back to AO for verification of bonds. Transfer charges were disallowed due to lack of substantiation. en-us Tue, 26 Nov 2024 00:00:00 +0530 Fri, 29 Nov 2024 08:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762319 ITAT Delhi held that assessee's property transfer constituted long-term capital gains, not short-term, as the acquisition date was traced to 1984 when GDA originally acquired the land, not 2014 when title was formally transferred. The assessee held lien rights through her deceased husband from the original acquisition date. The tribunal allowed indexed cost of acquisition from 1987 and development fees paid in 2013 as allowable costs. The exemption claim under section 54EC was remitted back to AO for verification of bonds. Transfer charges were disallowed due to lack of substantiation. Case-Laws Income Tax Tue, 26 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762319