Since the assessee has acquired the right in the flat in the ...

Capital Gain from Cooperative Housing Flat Classified as Long-Term Since Share Certificate Allotment Date.

May 25, 2016

Case Laws     Income Tax     AT

Since the assessee has acquired the right in the flat in the CGHS from the date of allotment of share certificate in his favour, the capital gain accrued to the assessee is in the nature of long term capital gain - AT

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