1990 (8) TMI 119 - HC - Income Tax

Summary

The High Court of Bombay ruled that the assessee's transfer of rights in a flat after holding them for more than 36 months resulted in long-term capital gains. The Tribunal's decision was upheld, and no legal question was found. The rule was discharged with no costs. (Case: 1990 (8) TMI 119 - BOMBAY High Court)