https://www.taxtmi.com/caselaws?id=801173 Holding period for an identified flat acquired under an allotment arrangement runs from the allotment date where enforceable property rights arise and payments are made under that arrangement, rather than from subsequent conveyance registration. The asset may consequently qualify as a long-term capital asset, with indexation and deduction under section 54 available in accordance with law. For section 56(2)(vii)(b), an allotment letter containing material acquisition terms may constitute an agreement. Where consideration is paid through non-cash modes on or before that date, stamp-duty value must be determined as of the allotment or agreement date, requiring valuation-based income to be recomputed on that basis. en-us Tue, 29 Sep 2026 00:00:00 +0530 Fri, 16 Oct 2026 05:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801173 Holding period for an identified flat acquired under an allotment arrangement runs from the allotment date where enforceable property rights arise and payments are made under that arrangement, rather than from subsequent conveyance registration. The asset may consequently qualify as a long-term capital asset, with indexation and deduction under section 54 available in accordance with law. For section 56(2)(vii)(b), an allotment letter containing material acquisition terms may constitute an agreement. Where consideration is paid through non-cash modes on or before that date, stamp-duty value must be determined as of the allotment or agreement date, requiring valuation-based income to be recomputed on that basis. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801173