https://www.taxtmi.com/caselaws?id=71585 The Tribunal concluded that the cost of acquisition of the warrants was 'Nil,' and the entire amount paid was for the NCDs. The assessee's computation of the short-term capital loss was upheld, as the warrants were considered incentives without an acquisition value. The Tribunal distinguished previous judgments, noting that the warrants and NCDs were issued together, and the warrants could not be acquired independently. The appeal was allowed, confirming the cost of acquisition of the NCDs at Rs. 100 each, with no separate cost attributed to the warrants. en-us Thu, 11 May 2000 00:00:00 +0530 Mon, 25 Apr 2011 17:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71585 The Tribunal concluded that the cost of acquisition of the warrants was 'Nil,' and the entire amount paid was for the NCDs. The assessee's computation of the short-term capital loss was upheld, as the warrants were considered incentives without an acquisition value. The Tribunal distinguished previous judgments, noting that the warrants and NCDs were issued together, and the warrants could not be acquired independently. The appeal was allowed, confirming the cost of acquisition of the NCDs at Rs. 100 each, with no separate cost attributed to the warrants. Case-Laws Income Tax Thu, 11 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71585