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Surendra Mohan Khanna Versus ITO 19 (2) (4) , Mumbai

Computation of capital gain - whether date of booking will be taking for the purpose of computation of capital gain or date of final payment for the flat in question? - Held that:- We find that the Hon’ble Gujarat High Court in the case of CIT Vs. An .....

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in December, 1982, shares in capital housing society was held for more than 36 months. Accordingly, the capital gain in question was held to be Long Term Capital Gain. Thus in case of CIT Vs. Anilaben Upendra Shah (supra), the date of allotment was .....

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T(A) because date of acquisition of flat in question will be first booking i.e. 1986 and possession of flat will relate back to 1986 for purpose of computation of capital gain. Assessing Officer is directed accordingly. - ITA. No. 6505/Mum/2012 - Dat .....

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ssessee against the order of Commissioner of Income-Tax (Appeals)-35, Mumbai, dated 07.08.2012 for A.Y. 2007-08 on following ground: ITA No.6505/Mum/12 A.Y. 2007-08 [Surinder Mohan Khanna v s. ITO] Page 2 The learned CIT(A) has seriously erred in hol .....

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l Asset, the sale of which is to be taxed as Long Term Capital Gains. The learned CIT(A) has erred in coming to the conclusion that the decision in the case of ITO Vs. Smt. Kashmiraben H. Parikh is not applicable to the case as the facts are differen .....

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ue before us is regarding whether the asset transferred is of a Long Term Capital Gain or Short Term Capital Gain. The issue of Capital Gain is with regard to flat no.701, of the assessee in Sheetal Vihar, Dwarka, New Delhi which was booked in the ye .....

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al payment for the flat in question. We find that the Hon ble Gujarat High Court in the case of CIT Vs. Anilaben Upendra Shah, (2003) 262 ITR 658 has held that assessee acquired shares in the co-operative housing society and was allotted the flat on .....

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