https://www.taxtmi.com/caselaws?id=179772 The tribunal upheld the AO's decision to calculate the Long-Term Capital Gain (LTCG) based on the Written Down Value (WDV) of the Bombay Stock Exchange (BSE) card for shares acquired under a demutualization scheme. The tribunal rejected the assessee's argument to use the original cost of acquisition of the BSE card, citing relevant provisions and previous tribunal decisions. Consequently, the department's appeal was allowed, affirming the use of WDV in computing capital gains and reversing the decision of the ld. CIT(A). en-us Fri, 22 Nov 2013 00:00:00 +0530 Mon, 26 Sep 2016 14:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179772 The tribunal upheld the AO's decision to calculate the Long-Term Capital Gain (LTCG) based on the Written Down Value (WDV) of the Bombay Stock Exchange (BSE) card for shares acquired under a demutualization scheme. The tribunal rejected the assessee's argument to use the original cost of acquisition of the BSE card, citing relevant provisions and previous tribunal decisions. Consequently, the department's appeal was allowed, affirming the use of WDV in computing capital gains and reversing the decision of the ld. CIT(A). Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179772