https://www.taxtmi.com/caselaws?id=272027 The Tribunal affirmed the CIT-A's decision, directing the computation of capital gain under sec 45(2) read with sec 2(47)(iv) for the appellant. The Tribunal emphasized the significance of fair market value at the conversion time and upheld the principles of relevant case laws. The Revenue's appeal was dismissed, and the addition by the AO treating the income as business income was deleted. en-us Fri, 15 Jan 2016 00:00:00 +0530 Mon, 22 Feb 2016 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272027 The Tribunal affirmed the CIT-A's decision, directing the computation of capital gain under sec 45(2) read with sec 2(47)(iv) for the appellant. The Tribunal emphasized the significance of fair market value at the conversion time and upheld the principles of relevant case laws. The Revenue's appeal was dismissed, and the addition by the AO treating the income as business income was deleted. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272027