https://www.taxtmi.com/caselaws?id=56290 A composite sale of land with factory sheds can give rise to both long-term and short-term capital gains where the land was acquired earlier and the sheds were constructed later. On the facts stated, the gains were not taxable wholly as short-term gains; a proportionate apportionment between the two components was by reference to their relative value and cost. The long-term capital gains component was held eligible for relief under section 80T, and the appeal was partly allowed. en-us Sun, 19 Feb 1984 00:00:00 +0530 Thu, 02 Dec 2010 18:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56290 A composite sale of land with factory sheds can give rise to both long-term and short-term capital gains where the land was acquired earlier and the sheds were constructed later. On the facts stated, the gains were not taxable wholly as short-term gains; a proportionate apportionment between the two components was by reference to their relative value and cost. The long-term capital gains component was held eligible for relief under section 80T, and the appeal was partly allowed. Case-Laws Income Tax Sun, 19 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56290