https://www.taxtmi.com/caselaws?id=794906 For determining the holding period of a residential flat, the relevant date is the date when allotment and the buyer's agreement confer enforceable rights, rather than the later date of possession or registration. Where substantial consideration has been paid and the purchaser obtains rights to secure conveyance and deal with the property, those rights constitute sufficient ownership for income-tax purposes. Accordingly, the holding period begins from the allotment date, and gains on a subsequent sale may qualify as long-term capital gains. en-us Mon, 29 Jun 2026 00:00:00 +0530 Tue, 14 Jul 2026 08:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794906 For determining the holding period of a residential flat, the relevant date is the date when allotment and the buyer's agreement confer enforceable rights, rather than the later date of possession or registration. Where substantial consideration has been paid and the purchaser obtains rights to secure conveyance and deal with the property, those rights constitute sufficient ownership for income-tax purposes. Accordingly, the holding period begins from the allotment date, and gains on a subsequent sale may qualify as long-term capital gains. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794906