https://www.taxtmi.com/caselaws?id=2392 The Tribunal allowed the assessee's appeal, permitting the substitution of Fair Market Value as the cost of acquisition for shares acquired before April 1, 1981. It determined the applicable tax rate on capital gains at 10% instead of 20% and addressed the cost of acquisition for bonus shares. The Tribunal dismissed the Revenue's appeal on interest liability under section 234B, concluding in favor of the assessee on the computation of capital gains. The judgment was pronounced on April 11, 2007. en-us Wed, 11 Apr 2007 00:00:00 +0530 Sat, 15 Jun 2013 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2392 The Tribunal allowed the assessee's appeal, permitting the substitution of Fair Market Value as the cost of acquisition for shares acquired before April 1, 1981. It determined the applicable tax rate on capital gains at 10% instead of 20% and addressed the cost of acquisition for bonus shares. The Tribunal dismissed the Revenue's appeal on interest liability under section 234B, concluding in favor of the assessee on the computation of capital gains. The judgment was pronounced on April 11, 2007. Case-Laws Income Tax Wed, 11 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2392