https://www.taxtmi.com/highlights?id=100752 Indexation on a capital asset received in amalgamation was held to run from FY 2008-09 because the township had already been constructed and let out by the amalgamating company, with rental income taxed from that year; the tax-neutral transfer under the scheme did not shift the holding period to the later amalgamation order or occupancy certificate. The Tribunal also upheld the claimed short-term capital loss on sale of AIF units to a subsidiary, finding both acquisition and sale valuations followed the NAV method, the fall in value was explained by decline in underlying investments, and a related-party sale is not a colourable device without evidence of tax avoidance. Both revenue appeals were dismissed. en-us Sat, 13 Jun 2026 09:15:50 +0530 Sat, 13 Jun 2026 09:15:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=100752 Indexation on a capital asset received in amalgamation was held to run from FY 2008-09 because the township had already been constructed and let out by the amalgamating company, with rental income taxed from that year; the tax-neutral transfer under the scheme did not shift the holding period to the later amalgamation order or occupancy certificate. The Tribunal also upheld the claimed short-term capital loss on sale of AIF units to a subsidiary, finding both acquisition and sale valuations followed the NAV method, the fall in value was explained by decline in underlying investments, and a related-party sale is not a colourable device without evidence of tax avoidance. Both revenue appeals were dismissed. Highlights Income Tax Sat, 13 Jun 2026 09:15:50 +0530 https://www.taxtmi.com/highlights?id=100752