https://www.taxtmi.com/caselaws?id=215862 The court upheld the decision of the Income-tax Appellate Tribunal that income from the sale of tradeable warrants without a cost of acquisition during the assessment year 1994-95 was not subject to capital gains tax due to the absence of statutory provisions deeming the cost as nil. The court emphasized the importance of the legislative framework in determining taxability and dismissed the appeal without costs. en-us Wed, 11 Jan 2012 00:00:00 +0530 Wed, 22 Aug 2012 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215862 The court upheld the decision of the Income-tax Appellate Tribunal that income from the sale of tradeable warrants without a cost of acquisition during the assessment year 1994-95 was not subject to capital gains tax due to the absence of statutory provisions deeming the cost as nil. The court emphasized the importance of the legislative framework in determining taxability and dismissed the appeal without costs. Case-Laws Income Tax Wed, 11 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215862