https://www.taxtmi.com/caselaws?id=265127 The case centered on determining the date of acquisition of shares received on the conversion of convertible debentures for calculating long term capital gains. The Tribunal ruled in favor of the assessee, holding that the date of acquisition should be considered from the original allotment of debentures, as per provisions of the Income Tax Act. The decision dismissed the revenue's appeal and upheld the Tribunal's order, emphasizing the unique nature of secured convertible debentures in capital gains calculation. en-us Wed, 19 Aug 2015 00:00:00 +0530 Wed, 07 Oct 2015 07:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265127 The case centered on determining the date of acquisition of shares received on the conversion of convertible debentures for calculating long term capital gains. The Tribunal ruled in favor of the assessee, holding that the date of acquisition should be considered from the original allotment of debentures, as per provisions of the Income Tax Act. The decision dismissed the revenue's appeal and upheld the Tribunal's order, emphasizing the unique nature of secured convertible debentures in capital gains calculation. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265127