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2017 (2) TMI 1017 - AT - Income TaxGain on sale of rights in immovable property - LTCG or STCG - selection of date - Held that:- CIT(A) in question on this issue is wrong against law and facts because the CIT(A) has considered the date of the execution of the sale deed for the purpose of assessing the Long / Short Term Capital Gain. Accordingly, specifically in view of the above mentioned law, we set aside the finding of the CIT(A) on this issue and direct the Assessing Officer to reconsider the claim of the assessee on the basis of the allotment letter for the purpose of assessing the Long / Short Term Capital Gain in accordance with law.
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