https://www.taxtmi.com/caselaws?id=212733 The Tribunal dismissed the claim for long-term capital loss on the conversion of US 64 units into 6.75% tax-free bonds, emphasizing that Section 10(33) exempts both gains and losses from US 64 units from total income computation. The appeal on this ground was dismissed. However, the Tribunal allowed the claim for a higher deduction under Section 80HHC, excluding excise duty from the total turnover. The appeal was partly allowed in favor of the Assessee. en-us Fri, 13 Jan 2012 00:00:00 +0530 Wed, 20 Apr 2016 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212733 The Tribunal dismissed the claim for long-term capital loss on the conversion of US 64 units into 6.75% tax-free bonds, emphasizing that Section 10(33) exempts both gains and losses from US 64 units from total income computation. The appeal on this ground was dismissed. However, the Tribunal allowed the claim for a higher deduction under Section 80HHC, excluding excise duty from the total turnover. The appeal was partly allowed in favor of the Assessee. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212733