https://www.taxtmi.com/caselaws?id=151742 The Tribunal dismissed the assessee's appeal, holding that although the extinguishment of rights in the warrants constitutes a transfer under section 2(47) of the Income-tax Act, the short-term capital loss cannot be computed. This is due to the absence of a value assigned to the consideration received from the transfer. Consequently, the assessee is not entitled to claim the short-term capital loss of Rs. 4,32,000. en-us Fri, 18 May 2007 00:00:00 +0530 Thu, 25 Jan 2024 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151742 The Tribunal dismissed the assessee's appeal, holding that although the extinguishment of rights in the warrants constitutes a transfer under section 2(47) of the Income-tax Act, the short-term capital loss cannot be computed. This is due to the absence of a value assigned to the consideration received from the transfer. Consequently, the assessee is not entitled to claim the short-term capital loss of Rs. 4,32,000. Case-Laws Income Tax Fri, 18 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151742