In order to determine taxability of capital gain arising from sale of property, it is date of allotment of property which is relevant for purpose of computing holding period and not date of registration of conveyance deed.
Refer<  48 taxmann.com 55 (Delhi), HIGH COURT OF DELHI, Commissioner of Income-tax v. K. Ramakrishnan S. RAVINDRA BHAT AND R.V. EASWAR, JJ. IT APPEAL NO. 114 OF 2014 C.M. APPL NO. 4959 OF 2014 (DELAY) MARCH 18, 2014 >