Taxpayer's Apartment Sale Gains Classified as Long-Term Capital Gains from Allotment Date Based on Enhanced Property Rights.

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....LTCG - sale of apartment - rights were obtained by the assessee vide reservation of allotment letter - execution of agreement in assessee’s favor was nothing but mere improvements in the assessee’s existing rights in the property - gains were Long-Term Capital Gains in nature as counted from allotment date....