https://www.taxtmi.com/caselaws?id=217808 The Tribunal dismissed the Revenue's appeal, affirming that the cost of acquisition of shares should be determined based on the original membership value in the context of demutualisation and corporatisation of stock exchanges, as prescribed under section 55(2)(ab) of the Income Tax Act. The judgment highlighted the significance of accurately applying statutory provisions for precise computation of capital gains in similar scenarios. en-us Tue, 17 Jul 2012 00:00:00 +0530 Fri, 26 Oct 2012 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217808 The Tribunal dismissed the Revenue's appeal, affirming that the cost of acquisition of shares should be determined based on the original membership value in the context of demutualisation and corporatisation of stock exchanges, as prescribed under section 55(2)(ab) of the Income Tax Act. The judgment highlighted the significance of accurately applying statutory provisions for precise computation of capital gains in similar scenarios. Case-Laws Income Tax Tue, 17 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217808