Court Rules Asset Held Long Enough for Long-Term Capital Loss, Qualifies for Indexation Benefits Under Tax Provisions.

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....Long term or Short term capital gain - holding period of asset - benefit of indexation - Transfer of property - Assessee has acquired a right in the asset and such right is a capital asset and payment of installments as per the terms is only a follow-up action and taking delivery of possession is only a formality. Therefore, the assessee in our opinion has correctly computed the long term capital loss. - AT....