https://www.taxtmi.com/caselaws?id=121303 The Tribunal ruled that compensation received on non-pari passu shares is a capital receipt, not taxable as 'income from other sources,' reducing the cost of acquisition of shares. However, the claim for indexation benefits under section 48 was dismissed, affirming that FIIs must be assessed under section 115AD without the benefit of indexation. The appeal by the assessee was partly allowed, with the Tribunal's decision reflecting these outcomes. en-us Tue, 21 Jul 2009 00:00:00 +0530 Tue, 11 Jun 2013 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121303 The Tribunal ruled that compensation received on non-pari passu shares is a capital receipt, not taxable as 'income from other sources,' reducing the cost of acquisition of shares. However, the claim for indexation benefits under section 48 was dismissed, affirming that FIIs must be assessed under section 115AD without the benefit of indexation. The appeal by the assessee was partly allowed, with the Tribunal's decision reflecting these outcomes. Case-Laws Income Tax Tue, 21 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121303