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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Cost Basis Rule for equity transfers sets acquisition cost as higher of actual cost or lower of FMV and consideration.</h1> An amendment to section 55(2) prescribes that for long-term equity shares, equity-oriented fund units, or specified business trust units acquired before 1 February 2018, the cost of acquisition is the higher of actual cost and the lower of fair market value and full value of consideration; the Explanation specifies fair market value methods for listed securities, unlisted units, and shares that become listed, and cross refers definitions of Cost Inflation Index and recognised stock exchange.

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