TMI BlogLTCG - inherited property - the holding period of previous owner was includible in the assessee’s...LTCG - inherited property - the holding period of previous owner was includible in the assessee’s holding period. This being the case, we have no hesitation in holding that the nature of impugned gains was Long Term in nature and therefore, the indexation benefit as well as benefit of Section 54EC was available to the assessee. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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