Property Sales Taxability: Allotment Letter Timing Crucial for Short vs. Long-Term Capital Gains Classification.

Taxability of the sale of property as Short Term Capital Gains OR long Term Capital Gains - The mere fact that possession of the flat was delivered later does not detract from the fact that the allotment was conferred with a right to hold the property on issuance of an allotment letter. - AT .....

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