https://www.taxtmi.com/caselaws?id=774302 For computing indexed cost of acquisition under Explanation (iii) to Section 48, the relevant date is when the assessee acquires a substantive and enforceable right in the property, not the later date of possession. Where the flat is specifically identified in the agreement to sell and substantial consideration has already been paid, the holding period and indexation commence from the agreement date. The authorities erred in taking possession as the starting point, and the long-term capital gain was required to be recomputed accordingly. en-us Mon, 23 Jun 2025 00:00:00 +0530 Mon, 07 Jul 2025 08:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774302 For computing indexed cost of acquisition under Explanation (iii) to Section 48, the relevant date is when the assessee acquires a substantive and enforceable right in the property, not the later date of possession. Where the flat is specifically identified in the agreement to sell and substantial consideration has already been paid, the holding period and indexation commence from the agreement date. The authorities erred in taking possession as the starting point, and the long-term capital gain was required to be recomputed accordingly. Case-Laws Income Tax Mon, 23 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774302