Tag Archives: Period of Holding

Holding period of Property to be computed from allotment letter issue date

By | March 7, 2017

Issue Learned CIT (Appeal) has erred in not considering the fact that the rights, title and interest in the property was itself acquired and held from the date of Allotment letter dated 11-04-2005 by the Appellant and as such the Period of Holding and indexation cost were not properly considered.” Held Holding period should be… Read More »

Holding period computed from date of Family settlement

By | April 14, 2016

Facts of the case The facts, in brief, are that the assessee acquired some property vide family arrangement dated 10/08/2006. This flat was received by the assessee as per wishes and intent of his grandmother Ms. Kantaben K. Shah, who expired on 10/12/1999. Since, the grandmother died intestate (without will), therefore, in order to transfer… Read More »

CBDT notify rules for Period of Holding of Convertible Debentures / bonds

By | March 18, 2016

INCOME-TAX (SIXTH AMENDMENT) RULES, 2016 – INSERTION OF RULE 8AA NOTIFICATION NO. SO 1146(E) [NO.18/2016 (F.NO.142/1/2016-TPL]  DATED 17-3-2016 In exercise of the powers conferred by section 2, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax… Read More »