https://www.taxtmi.com/caselaws?id=778891 HC held that "booking rights" in an apartment accrue only when a buyer's agreement embodying consensus ad idem is executed, not from a prior confirmation/allotment letter. The confirmation letter expressly disclaimed any conveyance of provisional/final allotment or title; therefore the right to purchase arose on execution of the buyer's agreement dated 4.11.2004. Consequently the date of acquisition for LTCG/indexation purposes is the agreement date, and the addition based on earlier accrual was unjustified; no substantial question of law arose. en-us Thu, 11 Sep 2025 00:00:00 +0530 Mon, 22 Sep 2025 18:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778891 HC held that "booking rights" in an apartment accrue only when a buyer's agreement embodying consensus ad idem is executed, not from a prior confirmation/allotment letter. The confirmation letter expressly disclaimed any conveyance of provisional/final allotment or title; therefore the right to purchase arose on execution of the buyer's agreement dated 4.11.2004. Consequently the date of acquisition for LTCG/indexation purposes is the agreement date, and the addition based on earlier accrual was unjustified; no substantial question of law arose. Case-Laws Income Tax Thu, 11 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778891