https://www.taxtmi.com/caselaws?id=795510 Allotment rights in property constitute a valuable capital asset, and their holding period is generally reckoned from the date of allotment or reservation rather than from later payments. Contemporaneous reservation and transfer documents, developer confirmation, bank records and ledger material established acquisition of the relevant flat rights in financial year 2006-07. Later accounting entries and consolidated ledger adjustments for multiple flats did not displace that evidence. Accordingly, surrender of the allotment rights gave rise to long-term capital gain, with indexation benefit available. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795510 Allotment rights in property constitute a valuable capital asset, and their holding period is generally reckoned from the date of allotment or reservation rather than from later payments. Contemporaneous reservation and transfer documents, developer confirmation, bank records and ledger material established acquisition of the relevant flat rights in financial year 2006-07. Later accounting entries and consolidated ledger adjustments for multiple flats did not displace that evidence. Accordingly, surrender of the allotment rights gave rise to long-term capital gain, with indexation benefit available. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795510