TMI BlogDate of acquisition for computation of LTCG - if allotment is not a conditional allotment and do not...Date of acquisition for computation of LTCG - if allotment is not a conditional allotment and do not envisages cancellation of the allotted property, in any manner then the assessee has acquired right in a specific property on date of allotment - Subsequently, execution of agreement of sale was nothing but mere improvement in assessee’s existing rights to acquire a specific property - Gain is long term capital gain ..... X X X X Extracts X X X X X X X X Extracts X X X X
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