Cost of acquisition rule sets acquisition cost equal to perquisite valuation when shares, debentures or warrants were taxed as perquisites. When capital gains arise from transfer of shares, debentures or warrants whose value was taken into account in computing a perquisite under the perquisite valuation clause, the cost of acquisition for computing capital gains shall be the value so taken into account.
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Provisions expressly mentioned in the judgment/order text.
Cost of acquisition rule sets acquisition cost equal to perquisite valuation when shares, debentures or warrants were taxed as perquisites.
When capital gains arise from transfer of shares, debentures or warrants whose value was taken into account in computing a perquisite under the perquisite valuation clause, the cost of acquisition for computing capital gains shall be the value so taken into account.
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