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Short term capital gain?

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(Querist)
26 August 2011 Assessee Mr. X
full allotment-rec. in 1993
full cost paid-in 1994
Registry -in dec. 2007(Due to some dispute with GDA)
Possession take -in Feb. 2008
Sold of Property -in Dec. 2008
is it LONG TERM CAPITAL GAIN/STCG
Plzzzzzzzzzzz help.
thanks in advance
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
26 August 2011 it is long term capital gain.
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Ruchi Saini

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Ruchi Saini (Querist)
27 August 2011 please give me some relevant case laws/circular etc. so that assessee can cliam deduction u/s 54..............
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Ruchi Saini

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Ruchi Saini (Querist)
27 August 2011 please suggest...........period of holding should be taken from the date of allotment or from the date of possession?

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