Holding period computable from allotment letter date & not sale agreement registration date

Minaxi Mahesh Pawani (Deceased) through Legal Heir Pratik Mahesh Pawani (ITAT Mumbai)

For Capital Gain and for Indexation holding period shall be computed from the date of the allotment letter and not the date of registration of sale agreement

In the case of Minaxi Mahesh Pawani (deceased), represented by her legal heir Pratik Mahesh Pawani, the ITAT Mumbai ruled that the holding period for computing capital gains should commence from the date of the property allotment letter, not the registration date of the sale agreement. The appeal challenged the treatme

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