https://www.taxtmi.com/caselaws?id=180853 The appeal challenged the computation of short term capital gains on the sale of debentures and equity shares, focusing on the interpretation of cost of acquisition post conversion from debentures. The court discussed the applicability of section 49(2A) of the Income-tax Act and specific provisions of debentures in determining the correct cost. Ultimately, the tribunal upheld the CIT(A)'s order, emphasizing a meticulous analysis of cost calculations and legal precedents to resolve discrepancies in short term capital gains calculation. en-us Fri, 08 Oct 1999 00:00:00 +0530 Sat, 02 Apr 2016 18:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180853 The appeal challenged the computation of short term capital gains on the sale of debentures and equity shares, focusing on the interpretation of cost of acquisition post conversion from debentures. The court discussed the applicability of section 49(2A) of the Income-tax Act and specific provisions of debentures in determining the correct cost. Ultimately, the tribunal upheld the CIT(A)'s order, emphasizing a meticulous analysis of cost calculations and legal precedents to resolve discrepancies in short term capital gains calculation. Case-Laws Income Tax Fri, 08 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180853