Holding period of property registered and Re-registered subsequently will be counted from that date of original registration

Shri Doddapaneni Atchaiah Tenali Vs ACIT (ITAT Hyderabad) Learned Counsel for the assessee submitted that the assessee has purchased Plot No.109/B vide registered sale deed No.6621/2003 dated 18.09.2003 and also Plot No.109/C vide registered sale deed No.6622/2003 dated 18.09.2003 from one Mr. G. Bala Swamy. He drew our attention to the recitals in the sale deed according to which the vendor has submitted a proposed layout for development of residential plots in the said land of Acres 03-20 Guntas to HUDA vide No.17641/MP2/HUDA/ 01 dated 9.8.2001 and the sanction of the layout at HUDA is under...