https://www.taxtmi.com/caselaws?id=173376 Maturity proceeds of Indira Vikas Patra were treated as a return of the depositor's money after a fixed period, not as consideration for transfer of a capital asset. As no transfer within section 45(1) read with section 2(47) of the Income-tax Act, 1961 occurred, no capital gain or capital loss arose. The claim for indexed cost of acquisition under Explanation (iii) to section 48 therefore also failed. en-us Tue, 21 Jan 2003 00:00:00 +0530 Wed, 13 Jul 2016 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173376 Maturity proceeds of Indira Vikas Patra were treated as a return of the depositor's money after a fixed period, not as consideration for transfer of a capital asset. As no transfer within section 45(1) read with section 2(47) of the Income-tax Act, 1961 occurred, no capital gain or capital loss arose. The claim for indexed cost of acquisition under Explanation (iii) to section 48 therefore also failed. Case-Laws Income Tax Tue, 21 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173376