| COURT: | ITAT Hyderabad |
| CORAM: | B. Ramakotiah (AM), Saktijit Dey (JM) |
| SECTION(S): | 2(42A), 2(47), 45 |
| GENRE: | Domestic Tax |
| CATCH WORDS: | capital gains, long-term capital asset, transfer |
| COUNSEL: | S. Ananthan |
| DATE: | December 26, 2014 (Date of pronouncement) |
| DATE: | December 1, 2014 (Date of publication) |
| AY: | 2005-06 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| For constituting a long-term capital asset, date of allotment of property and not date of registration to be considered. Benevolent approach should be adopted and not a hyper-technical or legalistic one | |
(i) All the aforesaid judgments relied on by the Revenue are cases arising prior to the amendment to Section 2(47) of the Act. The very same judgments show, in particular the judgment of the Full Bench of the Gujarat High …
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